3 ms·
Yeah, and frankly the deal doesn't really look that reassuring to me. HCG had already negotiated a 9.5% loan on the $2 billion CDN (around $1.5 billion USD).
by gsylvie 9y ago
Yeah, and frankly the deal doesn't really look that reassuring to me. HCG had already negotiated a 9.5% loan on the $2 billion CDN (around $1.5 billion USD). Buffett is letting them refinance that loan down to 9% and he's buying some stock at a 30% discount. But the general market will not look that closely at the details, and will just be reassured by the Buffett brand name.