WHEN: Today, Monday, April 18th
WHERE: CNBC's "The Strategy Session"
The following is an unofficial transcript of breaking news from CNBC's Mary Thompson. All references must be sourced to CNBC.
MARY THOMPSON: THAT'S RIGHT DAVID. CNBC HAS LEARNED THAT WARREN BUFFETT RECEIVED A CHECK FOR $5.5 BILLION TODAY FROM GOLDMAN SACHS. THAT OF COURSE COVERING THE INVESTMENT THAT HE MADE IN GOLDMAN SACHS AT THE HEIGHT OF THE FINANCIAL CRISIS. $5 BILLION IN PREFERRED SHARES THAT WERE REACQUIRED BY GOLDMAN SACHS IN A $500 MILLION SPECIAL DIVIDEND. IN ADDITION, MR. BUFFETT STILL CONTINUES TO HOLD WARRANTS TO BUY GOLDMAN SACHS. THOSE WARRANTS ARE BOUGHT AT $115 A SHARE. OF COURSE GOLDMAN SACHS NOW TRADING AT $153 SO THERE IS A HEFTY PROFIT THERE IF HE DECIDES TO EXERCISE THOSE WARRANTS, HE HAS TWO AND A HALF YEARS TO DO SO. DAVID BACK TO YOU.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD+, CNBC is the recognized world leader in business news providing real-time data, analysis and information to more than 390 million homes worldwide. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m.- 8:00 p.m.) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC.com and CNBC Mobile Web (mobile.cnbc.com) offer real-time stock quotes, charts, analysis and both on-demand and live streaming video.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/