Reeling from the loss of more than 40% of its market value during the past year, General Electric is kicking its capital-raising plan into high gear. GE will sell at least $12 billion in common shares in a public offering, plus $3 billion in preferred shares to Warren Buffett's Berkshire Hathaway. The preferred shares going to Berkshire carry a bundle of sweeteners, including a 10% guaranteed dividend and warrants to buy $3 billion of common stock with a strike price of $22.25 a share for five years.
more at http://www.boston.com/business/markets/articles/2008/10/02/ge_to_raise_15b_on_stock_sale_buffett_buy/#commentAnchor
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