Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

BofA Urges Approval of New Buffett Deal to Avoid Share Dilution

March 7 (Bloomberg) -- Bank of America Corp. urged investors to approve new terms on Berkshire Hathaway Inc.’s preferred stock stake, saying a rejection could push the lender to issue new securities that would dilute profits.

The deal with Warren Buffett’s Berkshire would increase Tier 1 capital by $2.9 billion, the Charlotte, North Carolina-based bank said today in a regulatory filing. Tier 1 capital is a measurement used by regulators to assess a lender’s ability to absorb losses.

A rejection is “one factor we would consider in evaluating whether to issue additional series of preferred stock, which may be dilutive to earnings per share of our common stock,” according to the filing from Bank of America, the second-largest U.S. lender by assets.

Link to Company News:{BRK/A US <Equity> CN <GO>} Link to Company News:{BAC US <Equity> CN <GO>}

To contact the reporter on this story: Noah Buhayar in New York at

To contact the editor responsible for this story: Rick Green at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.