Billionaire Mark Cuban called on US officials to channel one of America's best-known dealmakers ahead of potential bailout talks with Boeing thi...
for 50,000 shares of preferred stock in Bank of America. The shares had a liquidation value of $100,000 each and paid a 6% annual dividend. Berkshire also received warrants to buy 700 million shares in the bank at an exercise price of about $7.14 at any time in the next 10 years.six years later, funding the stock purchases with the $5 billion worth of preferred stock it already owned.
If the US government receives warrants as part of a bailout deal with Boeing, it could choose between having a stake in the company or selling the shares for a quick profit. Cuban — the owner of the Dallas Mavericks — underscored the importance of warrants and again pointed to Buffett's deal on the"Worst Year Ever" podcastCuban also offered to play the Buffett role in the talks, citing his own reputation for driving a hard bargain.
"I'd be the volunteer," he said on the podcast."I'll put on my 'Shark Tank' hat and you put me in the negotiation with Boeing or whoever and we're getting a great deal."Cuban made his comments ahead of President Donald Trump's expected meetings with airline-industry executives this weekend..
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