Goldman Sachs, Berkshire amend crisis-era warrant deal
March 26 (Reuters) - Goldman Sachs Group Inc and Berkshire Hathaway Inc have amended the warrants Berkshire holds as part of the lifeline it gave Goldman during the financial crisis, a change that Goldman said would ensure Berkshire remains a long-term investor in the bank.
Goldman said on Tuesday that in place of the warrants, the firm will give Berkshire a number of shares reflecting the difference between the warrants' original exercise price of $115 and the average closing price of Goldman's stock for the 10 trading days up to Oct. 1 of this year.
- Divided, Scots prepare to vote on fate of the United Kingdom |
- IPhone emerges from 'bygone era', reviewers hail bigger handset
- Fed renews zero rate pledge, but hints at steeper rate hike path |
- Apple to unveil new iPads, operating system on Oct. 21: report
- Boeing, SpaceX win contracts to build 'space taxis' for NASA