1.6m shares could have been given to Buffet after he bought the debt..it would be different if he bought them in the open market..
Excellent catch Vigs as always. This makes sense.....buying the common didn't make much sense....but as a gift, sure.
That's an excellent question. I was wondering the same too..Of the top of my head, Buffett debt came with a 4% share of the company through the dilution. That's more than the 3.3% stake he was forced to disclose