Heard on the Street: Berkshire Hathaway’s financing of Occidental Petroleum’s Anadarko deal could see it own a large chunk of the company if it gets paid in shares
The Oracle of Omaha wouldn’t stoop to a borderline-legal financing technique associated with penny-stock financiers.
Yet, while it was never his intention, Berkshire Hathaway might wind up with a chunk of discounted shares in Occidental Petroleum in a pattern similar to so-called death-spiral financing. The technique involves a company that is unable to raise public equity directly and instead issues debt privately to an outside source; the debt becomes convertible into stock for a fixed dollar amount rather than a fixed number...
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Coronavirus Has Now Killed More New Jersey Residents Than 9/11 AttacksIn a press conference Saturday, New Jersey Governor Phil Murphy announced 200 new COVID-19 deaths, bringing the state's death toll to 846.
Lire la suite »
French coronavirus death toll hits new high as nursing home tally swellsThe total number of deaths from the coronavirus in France reached a new high on Saturday as the government included more previously unreported deaths in nursing homes.
Lire la suite »
Death toll from coronavirus passes 300 in California on L.A. County's worst day yetLos Angeles County on Saturday announced 28 additional deaths from COVID-19, the largest daily increase in the death toll yet.
Lire la suite »
Kurt Cobain's Downward Spiral and Last DaysIn this investigative report, Rolling Stone traces Cobain’s final days – from his nearly fatal drug overdose in Rome to the discovery of his body one month later in Seattle
Lire la suite »
1,320 Americans Died Yesterday From Coronavirus, More Than Any Other CountryAs the United States grapples with exponential growth of coronavirus deaths, it surpassed every other country in the world in terms of daily coronavirus deaths.
Lire la suite »
Duffy forced to deal with 'love-bombing' men as she dealt with rape traumaThe singer explained in her statement that romantic partners would want 'the person on the album cover' while she was coming to terms with her trauma
Lire la suite »