Buffett Soon To Rank Among Goldman's Biggest Investors

Law360, New York (March 26, 2013, 3:20 PM EDT) -- Warren Buffett's Berkshire Hathaway Inc. is poised to become one of Goldman Sachs & Co.'s top shareholders under a revised agreement that trades the billionaire's Goldman warrants for stock at virtually no additional cost, the bank said Tuesday.

Under the original deal, inked as the financial crisis bore down in 2008, the warrants gave Buffett an option to scoop up roughly $5 billion in Goldman common shares at a strike price of $115. Instead, the business magnate will receive a stock chunk equal in value to...
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