Business NEWS
Goldman Sachs Group plans stock offering
By Amarendra Bhushan for CEOWORLD Magazine Updated:April 10, 2009
Get CEOWORLD Magazine digital monthly version. special- Top Capital Cities for a business Traveler, # Interview with Minister of Tourism of Greece. 1 Issues Subscription= $1 Only, 10 Issues Subscription= $5 Only. Grab your copy now!!!!
Wall Street investment bank Goldman Sachs Group Inc. is considering making a multibillion dollar offering of its shares to investors. The company is planning this offering as part of an effort to repay a $10 billion government loan.
Though the final size of the scale was not yet determined, the company is expected to raise at least several billion dollars. As I mentioned in my last report How Goldman Sachs will repay AID TARP money? Goldman Sachs is prepared to repay the loan it received from the U.S. government as part of the Troubled Asset Relief Program. After the collapse of Lehman Brothers last September, Goldman got $10 billion from the Treasury Department under the Troubled Asset Relief Program, with many obligations.
The company may sell about $5 billion in stock if it returns the government’s $10 billion in Troubled Asset Relief Program money.
Like this article! |
|
|
|
|
(No Ratings Yet)
Loading ...17465 views
Comments
Grab a copy of CEOWORLD Magazine for $1 only!!!
