giuseppe.d'orta
Forumer storico
Il titolo era a +51.26% poco prima della chiusura.
Vedere Buffett che compra una società del settore tlc fa riflettere non poco.
http://money.cnn.com/2002/07/08/news/companies/level3/index.htm
Buffett, working through his Berkshire Hathaway Inc. investment unit, is part of a group of investors providing $500 million in cash to Level 3 Communications, a fiber-optic carrier. Level 3 said it plans to use the money for acquisitions.
The cash infusion is being made through a debt offering. Level 3 is selling $500 million of 10-year convertible notes yielding 9 percent to Berkshire Hathaway and two institutions, Longleaf Partner Funds and Legg Mason Inc. Longleaf will buy $300 million of the notes. Berkshire Hathaway Inc. and Legg Mason will each take on $100 million.
The notes are convertible into common stock at the option of the holder.
The transaction is expected to close Monday.
Level 3 said in a press release it will use the funds for potential acquisitions, capital expenditures and working capital.
Vedere Buffett che compra una società del settore tlc fa riflettere non poco.
http://money.cnn.com/2002/07/08/news/companies/level3/index.htm
Buffett, working through his Berkshire Hathaway Inc. investment unit, is part of a group of investors providing $500 million in cash to Level 3 Communications, a fiber-optic carrier. Level 3 said it plans to use the money for acquisitions.
The cash infusion is being made through a debt offering. Level 3 is selling $500 million of 10-year convertible notes yielding 9 percent to Berkshire Hathaway and two institutions, Longleaf Partner Funds and Legg Mason Inc. Longleaf will buy $300 million of the notes. Berkshire Hathaway Inc. and Legg Mason will each take on $100 million.
The notes are convertible into common stock at the option of the holder.
The transaction is expected to close Monday.
Level 3 said in a press release it will use the funds for potential acquisitions, capital expenditures and working capital.
