BERKSHIRE HATHAWAY TO INVEST $5 BILLION IN ($BAC) BANK OF AMERICA
BANK OF AMERICA - ANNOUNCED TODAY THAT IT REACHED AN AGREEMENT TO SELL 50,000 SHARES OF CUMULATIVE PERPETUAL PREFERRED STOCK
SAYS PREFERRED STOCK HAS A DIVIDEND OF 6 PERCENT PER ANNUM
PREFERRED STOCK WITH A LIQUIDATION VALUE OF $100,000 PER SHARE
BERKSHIRE HATHAWAY WILL ALSO RECEIVE WARRANTS TO PURCHASE 700 MLN SHARES OF CO
WARREN BUFFETT-"BANK OF AMERICA IS A STRONG, WELL-LED COMPANY, AND I CALLED BRIAN TO TELL HIM I WANTED TO INVEST IN IT"
SAYS PREFERRED STOCK IS REDEEMABLE BY THE COMPANY AT ANY TIME AT A 5 PERCENT PREMIUM
BANK OF AMERICA - ANNOUNCED TODAY THAT IT REACHED AN AGREEMENT TO SELL 50,000 SHARES OF CUMULATIVE PERPETUAL PREFERRED STOCK
SAYS PREFERRED STOCK HAS A DIVIDEND OF 6 PERCENT PER ANNUM
PREFERRED STOCK WITH A LIQUIDATION VALUE OF $100,000 PER SHARE
BERKSHIRE HATHAWAY WILL ALSO RECEIVE WARRANTS TO PURCHASE 700 MLN SHARES OF CO
WARREN BUFFETT-"BANK OF AMERICA IS A STRONG, WELL-LED COMPANY, AND I CALLED BRIAN TO TELL HIM I WANTED TO INVEST IN IT"
SAYS PREFERRED STOCK IS REDEEMABLE BY THE COMPANY AT ANY TIME AT A 5 PERCENT PREMIUM
BANK OF AMERICA - BERKSHIRE HATHAWAY TO RECEIVE WARRANTS TO PURCHASE BOFA COMMON STOCK AT EXERCISE PRICE OF $7.142857/SHARE
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