Berkshire Uses Goldman Warrant to Get $2.1 Billion Stake
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Warren Buffett’s Berkshire Hathaway Inc. will get 13.1 million shares of Goldman Sachs Group Inc. after exercising a warrant tied to a 2008 investment in the Wall Street bank.
The shares will be delivered on Oct. 4 to Omaha, Nebraska-based Berkshire, according to a Business Wire statement today from the bank. The stake is valued at about $2.1 billion based on the $159 closing price today of Goldman Sachs stock.