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Goldman mints a fortune from a discount retailer

Wednesday, April 10, 2013 - 01:18

A Reuters review of six years of filings with the SEC shows the many ways Goldman Sachs managed to earn more than $1 billion from its dealings with Dollar General. Here are the back-of-the-envelope calculations that show how Goldman did it. (April 10, 2013)

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Wall Street titan Goldman Sachs mincing words came from -- discount retailer. It would review FC series of filings with the SEC shows the many creative ways Goldman managed to earn over a billion dollars from its dealing with Dollar General. Here's how. -- invested 605. Million dollars into the KKR led buyout of Dollar General and 2007. Most of that money belongs to its investors the 25%. Or about 151. Million dollars was Goldman's cash. Dollar General went public in 2009. At 21 dollars per share. That 150 million in capital generated 650. Million dollars from stock sales. But that was an all. Goldman also got at least 58 million dollars in -- -- underwriting fees for serving his dollar general's banker. And earned 479. Million in interest payments from alone. Topping it off golden made 56 million dollars off the derivatives trade paint to. In total -- scored a revenue grab from Dollar General a one point two billion dollars.

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Goldman mints a fortune from a discount retailer

Wednesday, April 10, 2013 - 01:18