Warren Buffett plowed $3 billion into General Electric during the financial crisis. Here's the story of how he helped the industrial titan.
, Immelt contacted the Berkshire Hathaway boss to propose a similar deal, The Journal said.
However, they still balked at the high interest rate and bemoaned the dilution of existing investors' shares. The pair also amended Berkshire's warrants in 2013 to allow the conglomerate to exercise them without spending any cash. It10.7 million shares as a result, which it eventually sold them for about $315 million in 2017.
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