From Dow Jones:
Goldman Sachs Group Inc. (GS) disclosed the terms of its planned $5 billion stock offering, which exactly match those of September's $5 billion stock sale made when investors feared for the viability of the financial system.
In the latest offering, 40.7 million shares will be sold at $123 each, a 5.5% discount to Monday's closing price. The deal size and price match September's effort, which came at the same time Berkshire Hathaway Inc. (BRKA) made a separate $5 billion investment.
Goldman's shares were recently trading down 5.5% at $123 as investors also chewed on the investment bank's first-quarter results, released ahead of schedule late Monday...MORE
Yesterday, in "If Goldman's Selling... Beware of Buying (GS)" I said:
If I had to go on record I would guess the markets hold together through Goldman's pricing of their stock issue. This morning's futures dispute me though, the S&P is down six points, the DJIA is down 47, premarket....
Boy they rushed that through.
