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•82% Informative
Warren Buffett invested $3 billion in Dow Chemical at the height of the financial crisis.
In return, Berkshire Hathaway received preferred stock paying a yearly dividend of 8.5% .
Dow agreed to buy Rohm and Haas for nearly $19 billion including debt in July 2008 .
Dow 's takeover proved to be poorly timed as the Lehman Brothers collapsed two months later .
Dow 's then-CEO, Andrew Liveris , tipped his hat to Buffett . "He's done very well with that investment, as he has done at Goldman and elsewhere," he told Reuters . "He was incredibly valuable through the crisis." Read the original article on Business Insider .
VR Score
83
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81
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63
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formal
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English
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