Buffett to take major Goldman Sachs stake in warrant deal
(Reuters) - Warren Buffett will become one of Goldman Sachs' (GS.N) ten largest shareholders essentially for free, after he and the bank amended a 2008 deal to exchange his potential profit on Goldman warrants for stock.The exchange, which Goldman detailed on Tuesday, saves Buffett billions of dollars in upfront costs and lets Goldman minimize dilution to its stock. Under a 2008 deal, Buffett had ...
