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Goldman considers share offer
Source: Agencies |
April 11, 2009, Saturday
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Print Edition
Print Edition
Goldman Sachs Group Inc is considering making a multibillion US dollar share offering to investors as part of its efforts to repay a US$10-billion United States government loan, the Wall Street Journal reported yesterday, citing people familiar with the matter.
The announcement could be made next week and though Goldman executives haven't determined the size of the offering, it is expected to be several billion dollars, the people told the Journal. A final decision hasn't been taken and will be based partly on market conditions.
Goldman Sachs, which is due to report its quarterly earnings on Tuesday, is one of several recipients of the United States government's Troubled Asset Relief Program investment.
The announcement could be made next week and though Goldman executives haven't determined the size of the offering, it is expected to be several billion dollars, the people told the Journal. A final decision hasn't been taken and will be based partly on market conditions.
Goldman Sachs, which is due to report its quarterly earnings on Tuesday, is one of several recipients of the United States government's Troubled Asset Relief Program investment.
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