Warren Buffet Invests $5 Billion in Bank of America
In a surprise move, famed investor Warren Buffet has invested $5 billion into Bank of America.
Berkshire Hathaway, run by Mr. Buffett, has agreed to buy 50,000 preferred shares that will pay a 6% annual dividend.
Bank of America has the option to buy back the shares at any time for a 5% premium.
By buying these shares [...]
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