No. of Recommendations: 9
“ Abel spoke with Goldman Sachs , Alphabet’s banker, on Sunday to work out the terms of Berkshire’s participation in the company’s stock offerings and later connected with Alphabet CEO Sundar Pichai and finalized the deal Monday, people familiar with the matter said. Berkshire is getting those shares at a steep discount to where they trade.”
It looks like BRK paid $351 for the new $10B in shares, it was trading at $385 on Friday, so they got about an 8% discount to market. Not sure that is what I would consider "steep discount", but what do I know...
tecmo
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