Leave it to Warren Buffett to find a way to get hold of 10 million Goldman Sachs Group Inc. shares without handing over a penny.
The billionaire chief executive of Berkshire Hathaway Inc. accepted the stake in exchange for giving up his company's right to purchase a larger number of Goldman shares at a below-market price, according to terms of the deal announced Tuesday.
The pact, worth about $1.5 billion after Tuesday's close, puts an exclamation point on the Omaha, Neb. company's financial-crisis lifeline to Goldman. Berkshire's realized and paper winnings on the 2008 preferred-stock investment now exceed $3 billion, ...
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