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Berkshire Hathaway Part II
Acquired
Buffett and Burne - Is This a Broken Offering?
Buffet tells burne to go up to new york and do the rounds with the investment banks. None of the big established banks want to touch this situation, except for one. It is solomon brothers,. They're the only bank that is willing to underrate what ultimately ends up being a 76 million dollar convertible debt deal which they underrate. Buffet already owns a large percentage tof this company. So good friend and solomon underwrite the 76 million dollar deal.
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