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U.S. investment master Warren Buffett recently announced that Berkshire Hathaway controlled by him is acquiring General Electric Company (GE) shares which valued 3 billion U.S. dollars.
Berkshire Hathaway Inc. The purchase is General Electric Company preferred stock, the annual dividend by 10%. In addition, the company has the right in the next 5 years, at any time, to 22.25 U.S. dollars purchase price of 3,000,000,000 U.S. dollars of General Electric common stock.
Buffett said: “The General Electric Company of the United States is the world’s iconic companies. For decades, I have been leader of the General Electric Company and its friends and admirers.” Buffett This is the second time in the near future hand To carry out large-scale activities to buy shares.
Sept. 23, through his Berkshire Hathaway he entered Goldman Sachs with 5 billion U.S. dollars, and got Goldman Sachs common stock warrants with 115 U.S. dollars per share, involving a total of 50 billion U.S. dollars, with the right period of 5 years.
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