GE priced $2.25 billion in 30-year bonds and an additional $750 million in 10-year notes, a company spokesman said. The notes were priced to yield 3.487%, and the bonds, 4.566%, a person familiar with the transaction said.
During the fourth quarter of last year, Buffett increased his holdings of General Electric by 1,700% through his Berkshire Hathaway holding company. That equates to about 10.6 million shares and roughly $265 million before even considering dividends.
"The dispute involves a good-faith difference of opinion over the tax consequences of a restructuring done more than a decade ago," GE spokesman Seth Martin said in a statement. "While we have paid the taxes in question, we believe it is in all parties ...
A few months ago, I had the opportunity to speak with Steve Liguori, executive director of global innovation at General Electric (NYSE: GE ) . We talked about how GE uses 3-D printing in its operations and why it sees so much promise in the technology.