Quote from: globalfinancepartners on August 26, 2014, 07:49:06 AMBRK's $3 Billion preferred shares will accrue a 9% couponPlus something? Sweeteners?
BRK's $3 Billion preferred shares will accrue a 9% coupon
We probably won't know until they make a filing. I would guess that it has his usual redemption premium (~10%) and it is possible that it is a compounding security that earns 9% on accrued dividends (ie, doesn't pay cash dividends)Quote from: longinvestor on August 26, 2014, 08:13:11 AMQuote from: globalfinancepartners on August 26, 2014, 07:49:06 AMBRK's $3 Billion preferred shares will accrue a 9% couponPlus something? Sweeteners?
http://www.cnbc.com/id/102052785- initial CNBC reporthttp://www.berkshirehathaway.com/news/OCT0214.pdf- Berkshire / Van Tuyl group joint press releaseNo information on price so far, but it looks around the same size as Sonic Automotive.
Quote from: globalfinancepartners on October 02, 2014, 05:05:53 AMhttp://www.cnbc.com/id/102052785- initial CNBC reporthttp://www.berkshirehathaway.com/news/OCT0214.pdf- Berkshire / Van Tuyl group joint press releaseNo information on price so far, but it looks around the same size as Sonic Automotive.I thought he only needed a new car. Now he buys the dealership...