In fact, the story was a huge headline story about six months ago, a different circumstance, perhaps, but certainly an opportunity for others to see if there were other warrant opportunities available. The story in June, 2017: Warren Buffett just made a quick $12 billion on a clever investment.
- Warren Buffett's Berkshire Hathaway will exercise warrants in Bank of America allowing it to acquire 700 million common shares at an exercise price of $7.14 each, or about $5 billion
- At Thursday's closing price, that stake is worth more than $17 billion
- Berkshire will also become the bank's largest shareholder
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