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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: mungofitch ✹🐝🐝🐝🐝 SILVER
SHREWD   😊 😞
Number: of 15062 
Subject: Re: OXY Repay Preferreds & Buyback Stock
Date: 02/07/2023 2:53 PM
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No. of Recommendations: 11
The first $3.6 Billion of capital return can go entirely to common shareholders. Everything above that gets split 50-50 with the pref. redemption (redeemed at a 10% premium to face).
If you think they will return $10 Billion total to shareholders next year, they could redeem something like $2.9 Billion worth of the BRK preferred using $3.2 Billion of cash.

Two comments

(1) Thank you so much for this summary
(2) Memo to self: never sit on the other side of a negotiating table with Mr Buffett

Jim
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