Home
Home Capital Investors Reject Investment From Warren Buffett's Firm
Home Capital investors reject investment from Warren Buffett's firm
Home Capital investors reject investment from Warren Buffett's firm
Shareholders of Canadian lender Home Capital Group have rejected Warren Buffett's offer to buy a second large block of stock in the company.
In June, Berkshire Hathaway agreed to lend $1.5 billion to Home Capital and bought roughly 20% of Home Capital's stock.
That deal included a provision for Berkshire to buy another 20% of Home Capital's stock for $10.30 per share if shareholders agreed. But 88% of non-Berkshire shareholders rejected that investment Tuesday.
When Toronto-based Home Capital agreed to the Berkshire deal, it was struggling with liquidity issues because Canadian regulators announced in April they were investigating the mortgage lender.
Home Capital Chairwoman Brenda Eprile says the company's financial position has improved since the spring, so it doesn't need the influx of cash as much.
Source:- https://www.usatoday.com/story/money/markets/2017/09/12/home-capital-investors-reject-investment-warren-buffetts-firm/658902001/
You May Also Like
3 Unexpected Retirement Costs Tha..
Retirement Dream -- More Money Fo..
Must-have Tools And Tips For Year..
What You Don't Know About Social ..
Must-have Tools And Tips For Year..
Ask A Fool: IRA Vs. 401(k), Which..
This Is The Maximum Social Securi..
The Profits Made From Flipping Ho..
Share the joy
Recent News
Retirement dream -- more money for travel, less for health care -- tough to achieve
What you don't know about Social Security in 2018
Must-have tools and tips for year-end retirement planning
3 unexpected retirement costs that can shake up your finances
This is the maximum Social Security retirement benefit payable in 2018
Ask a Fool: IRA vs. 401(k), which is the better choice
Recent Articles
Searching For The Option Of Private College Loans, Find The Best Student Loan, Best Student Loan C..
Refinance Student Loans, Best Private Student Loan Options, Best Student Loan Companies, Choose Th..
Parent Plus Loans And Its Wonderful Advantages, Choose The Best Student Loans, Best Student Loan C..
Online College Vs. Traditional Degrees, Student Loan Consolidation, Best Private Student Loan Opti..
Knowing Everything About The Federal Consolidation Loan, Graduate Student Loans, Graduate And Prof..
How To Find Low-Interest Student Loans, Low-interest Student Loans, Find The Best Student Loan, Be..