Goldman Selling Shares to Repay Feds

April 11, 2009 5:30am by Barry Ritholtz

FYI:

Goldman Sachs Group riding a rising market, is considering making a multibillion-dollar offering of its shares to investors as part of an effort to repay a $10 billion government loan, according to people familiar with the matter.

The move, which could be announced as early as next week, comes as the firm prepares to report solid first-quarter earnings Tuesday. Goldman executives haven’t determined the exact size of the offering, but it is expected to be at least several billion dollars, these people say. They caution a final decision isn’t made, and will be based partly on market conditions.

Source:
Goldman Seeks New Stock Sale
SUSANNE CRAIG and KATE KELLY
WSJ, APRIL 10, 2009
http://online.wsj.com/article/SB123932742279007541.html

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