[ Reuters: Top News] GE to raise $15 billion, Buffett gets preferred stake
Posted: Wed Oct 01, 2008 3:30 pm
BOSTON (Reuters) - General Electric Co plans to raise $15 billion through stock sales -- including $3 billion from Warren Buffett -- to improve liquidity and give it the option of more acquisitions at a time of intense market turmoil, the U.S. conglomerate said on Wednesday.
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