yakers
Thinks s/he gets paid by the post
I don't know if this would be a time to short BRK, if you feel they will do poorly by this deal or buy something that might go up along with Swiss Re but it is interesting that Buffett will get 12% AND a option to buy more shares at a reasonable fixed rate.
From the new: Berkshire’s holding, which is subject to Swiss Re shareholders’ approval, will probably be via a perpetual note paying annual interest of 12 per cent. The US investor will have the option in three years to convert into Swiss Re shares at SFr25.
From the new: Berkshire’s holding, which is subject to Swiss Re shareholders’ approval, will probably be via a perpetual note paying annual interest of 12 per cent. The US investor will have the option in three years to convert into Swiss Re shares at SFr25.