Skip to: Content
Skip to: Site Navigation
Skip to: Search

November 21, 2008 11:03:59 CST


stock offering

stock offering news stories

6 Stories

Goldman Raises $10B After Buffett's Buy-in

New stock offering
nets twice as much
as bank expected

(Newser) - Where Warren Buffett goes, investors follow. Goldman’s new stock offering pulled in $5 billion this morning, twice the $2.5 billion the firm expected, as investors followed Buffett’s lead, Bloomberg reports. That extra money, combined with Buffett’s $5 billion investment, “should quickly end credit-market debate about the capitalization and liquidity position of Goldman Sachs,” said one analyst. More »

More about:  Goldman Sachs Warren Buffett Berkshire Hathaway capital stock offering

analysis

Merrill Panic May Mark Bottom of Stock Market

Once regaled for cavalier confidence, CEO's chief cuts losses

(Newser) - Merrill Lynch CEO John Thain has seen better days, Floyd Norris writes in the New York Times . He's gone from “cockiness to capitulation. Distinction to desperation.” Thain recently unloaded a bundle of his company’s securities for 22 cents on the dollar and raised $8.5 billion from a stock sale. But this uncharacteristic fear could indicate that Wall Street has finally hit bottom. More »

Merrill Aims to Raise $8.5B, Prune Bad Debt

Brokerage announces surprise stock sale, $5.7B writedown

(Newser) - Merrill Lynch announced a surprise stock offering today aimed at raising $8.5 billion for the brokerage, strapped by the mortgage and credit crises, the Financial Times reports. It also said it was writing down a further $5.7 billion in bad debt, and is selling collateralized debt obligations nominally worth $30.6 billion for $6.7 billion. More »

More about:  Merrill Lynch writedowns stock offering collateralized debt obligations

Freddie Eyes Selling $10B in Shares to Stave Off Bailout

Measure might prevent need for bailout -
for now

(Newser) - Freddie Mac is considering issuing $10 billion worth of new common and preferred shares, the Wall Street Journal reports, a move that might stave off a full-blown government rescue—and the increased scrutiny that would come with it. Freddie has been emboldened by two days of big gains, with shares levitating  over 29% on Wednesday and another 22% yesterday. More »

More about:  Financial Crisis bailout Freddie Mac shares stock offering

Barclays Seeks Liquidity With $8.85B Offering

More than half will be bought by Qatari, Japanese investors

(Newser) - Add Barclays to the ranks of banks that are floating new shares in an effort to restore liquidity in the lingering wake of the subprime debacle, reports the AP. Barclays will offer up $8.85 billion in shares—with large stakes being purchased by Japanese bank Sumitomo Mitsui and the Qatar Investment Authority. More »

More about:  subprime crisis Barclays liquidity Royal Bank of Scotland stock offering Sumitomo Mitsui

SocGen to Raise $8B With Discount Shares

Replenishing capital could help struggling French bank avoid takeover

(Newser) - Societe Generale, the French bank hit with a $7 billion loss in a massive trading fraud, will replenish its cash reserves through an $8 billion stock offering at a heavily discounted rate, the company said today. Shares will be priced at €45.50, or 39% off the Feb. 8 closing price, lower than the 30% discount analysts predicted. Existing shareholders can buy one share for every four they own, Bloomberg reports. More »

More about:  France Société Générale Jérôme Kerviel stock offering

6 Stories

Today's Most Popular

Loading...

Premium Articles from HighBeam

Find more articles like this

What is Newser?

2008 Codie Finalist

Face it: there's too much news. At Newser a team of editors and writers culls the most important stories from hundreds of U.S. and international sources and reduces them to a headline, picture, and two paragraphs. It's the Newser guarantee: we can take any report or column or video and pack what you need to know into 120 words or less. Newser's short-form aggregation, visual format, and unique information tools help you get more of the kind of news you want, in a quicker and more entertaining way. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »