Aug. 25 (Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. agreed to
invest $5 billion in Bank of America Corp., aiding a lender hobbled by costs
tied to subprime mortgages.
Buffett’s company will get a 6 percent dividend on his preferred
stock investment and warrants to buy 700 million common shares about $7.14 each,
according to a Business Wire statement today from Omaha, Nebraska-based
Berkshire.
–Editor: Dan Kraut
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