Warren Buffett has given approval for Berkshire Hathaway (BH) to enter into an arrangement with Lehman Brothers
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Question:
Warren Buffett has given approval for Berkshire Hathaway (BH) to enter into an arrangement with Lehman Brothers (LB) to lend $900 million to Williams, for a term of one year. It’s well known to these lenders as well as within your company, that Williams appears to have significant near-term cash and liquidity issues but has several valuable oil and gas properties and a growing core business.
How much external funding do you estimate that Williams will need by the end of 2002? What are the “sources” and “uses” of cash that you are assuming / projecting in order to arrive at this net need for external funding? Please include the equations.
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