Key Developments For Goldman Sachs Group Inc

TPG And The Goldman Sachs Group, Inc. Weigh HeidelbergCement Stake-ReutersFriday, 16 Jan 2009 05:27am EST
Reuters reported that U.S. private equity firm TPG is considering taking a stake in HeidelbergCement jointly with The Goldman Sachs Group, Inc., sources familiar with the matter said, confirming an earlier report. One of the sources said Bain Capital was also weighing involvement in the bid for a stake in the cement maker, together with The Goldman Sachs Group, Inc. and TPG. HeidelbergCement, controlled by the Merckle family, which has been forced to put up financial assets as collateral for bank loans it is getting to help refinance, declined to comment.

Inmobiliaria Colonial Creditor Banks, Including The Goldman Sachs Group, Inc. Exercise Options On Fomento de Construcciones y Contratas And Societe Fonciere Lyonnaise Stakes-DJThursday, 15 Jan 2009 01:49am EST
Dow Jones reported that InmobilIaria Colonial said that Royal Bank of Scotland and The Goldman Sachs Group, Inc. have exercised options to acquire stakes in Fomento de Construcciones y Contratas and Societe Fonciere Lyonnaise from the real-estate company. InmobilIaria Colonial agreed to sell the stakes as part of a September agreement with its banks Goldman, Royal Bank of Scotland Group plc, Calyon and Eurohypo to restructure its debt. In a Spanish regulatory filing, InmobilIaria Colonial said that Royal Bank of Scotland Group plc bought a 3.396% stake in Fomento de Construcciones y Contratas and 7.25% of Societe Fonciere Lyonnaise. Goldman Sachs bought 7.25% of Societe Fonciere Lyonnaise and 0.72% of Fomento de Construcciones y Contratas. InmobilIaria Colonial said that under the terms of the September agreement with its creditors, these banks have acquired 14.31% of Fomento de Construcciones y Contratas and 30.56% of Societe Fonciere Lyonnaise for a total of EUR1.043 billion. These funds will be used to pay down the Company's senior debt.

The Goldman Sachs Group, Inc. Sells $3.5 Billion In 2.5 Year Notes-ReutersTuesday, 13 Jan 2009 02:42pm EST
Reuters reported that The Goldman Sachs Group, Inc. sold $3.5 billion in 2.5-year FDIC-guaranteed notes under the TLG program. Goldman Sachs was the sole bookrunning manager for the sale.

Enron creditors Recovery Corp. Settles Commercial Paper Dispute With Goldman Sachs Group, Inc.-ReutersFriday, 9 Jan 2009 02:07pm EST
Reuters reported that Enron creditors Recovery Corp. has settled a five-year legal battle over commercial paper with Goldman Sachs Group, Inc. In a bankruptcy court filing in New York, Enron said that Goldman had agreed to pay about $7 million to settle the lawsuit. Enron had originally sought to recover $383 million plus interest from Goldman.

Goldman Sachs Group, Inc. Subsidiaries to Acquire Shares in Sevan Marine ASAFriday, 9 Jan 2009 02:30am EST
Sevan Marine ASA announced that Goldman Sachs International (GSIL), a wholly owned subsidiary of Goldman Sachs Group, Inc. acquired 3,585,000 ordinary shares issued by Sevan Marine ASA. Following this transaction, GSIL was interested in 12,260,947 shares of Sevan Marine, equal to 6.25% of Sevan Marine's total issued share capital of 196,128,448. A further interest in 30,000 shares (0.02%) arose from the interest held by Goldman Sachs Asset Management, LP a wholly owned subsidiary of Goldman Sachs Group, Inc. acting as discretionary manager.



Panasonic Corporation And The Goldman Sachs Group, Inc. Agree On Sanyo Electric Co., Ltd. Sale-DJWednesday, 17 Dec 2008 12:41pm EST
Dow Jones reported that according to The Nikkei, the three financial firms that are major shareholders in Sanyo Electric Co., Ltd. have agreed to sell all their holdings in Sanyo Electric Co., Ltd. to Panasonic Corporation. Panasonic Corporation's President Fumio Ohtsubo and senior officials from The Goldman Sachs Group, Inc. met in Tokyo, with the U.S. firm agreeing to sell its Sanyo Electric Co., Ltd.'s shares. The two other major Sanyo Electric Co., Ltd. shareholders - Daiwa Securities SMBC Co. and Sumitomo Mitsui Banking Corp. - had already agreed to go along with the tender offer.

The Goldman Sachs Group, Inc. To Cut About 3,250 Jobs-DJTuesday, 16 Dec 2008 10:18am EST
Dow Jones reported that The Goldman Sachs Group, Inc. said it will cut about 3,250 jobs, or 10% of its work force, to save on costs.

The Goldman Sachs Group, Inc. Announces Change In Fiscal Year End And DividendsTuesday, 16 Dec 2008 08:15am EST
The Goldman Sachs Group, Inc. announced that the Board of Directors have approved a change in the firm’s fiscal year end from the last Friday of November, to the last Friday of December. The change is effective for the firm's 2009 fiscal year. The Board also declared a dividend of $0.4666666 per common share to be paid on March 26, 2009, to common shareholders of record on February 24, 2009. The dividend of $0.4666666 per common share is reflective of a four month period (December 2008 through March 2009), due to the change in the firm’s fiscal year end. The Board also declared dividends of $239.58, $387.50, $255.56 and $255.56 per share of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock, respectively (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock), to be paid on February 10, 2009 to preferred shareholders of record on January 26, 2009. In addition, the Board declared dividends of $2,500 per share of Series G Preferred Stock to be paid on February 10, 2009 to preferred shareholders of record on January 26, 2009 and dividends of $14.8611111 per share of Series H Preferred Stock to be paid on February 17, 2009 to preferred shareholders of record on January 31, 2009.

The Goldman Sachs Group, Inc. Gets OK To Buy 25% Of Hongshi Group For $120 Million-DJSunday, 14 Dec 2008 08:44pm EST
Dow Jones reported that The Goldman Sachs Group, Inc. has received regulatory approval to buy a 25% stake in cement maker Hongshi Group Co. for $120 million.

The Goldman Sachs Group, Inc. To Axe 200 Staff In London-ReutersWednesday, 10 Dec 2008 11:26am EST
Reuters reported that The Goldman Sachs Group, Inc. laying off some 200 staff in London this week as part of a 10% cut in global headcount first reported in October.



The Goldman Sachs Group, Inc. Rejects Panasonic Corporation Offer on Sanyo Electric Co., Ltd.-ReutersThursday, 4 Dec 2008 12:55am EST
Reuters reported that The Goldman Sachs Group, Inc. has rejected an offer from Panasonic Corporation to buy its shares in Sanyo Electric Co., Ltd. because it believes the offer price is too low. Panasonic has raised its offer by JPY0.10 to JPY1.30 for each share in Sanyo.

The Goldman Sachs Group, Inc. Mulling Internet Banking Operation-ReutersWednesday, 3 Dec 2008 12:56am EST
Reuters reported that The Goldman Sachs Group, Inc. is considering launching an internet banking operation. If the Company goes ahead, the new unit will seek deposits that can be used to fund various businesses. The possible online bank has not been named yet, and many details of its operating plans are undecided. It is likely to offer a range of savings products, such as certificates of deposit.

Sea Containers Ltd. Reaches $17.5 Million Settlement With The Goldman Sachs Group, Inc.-DJTuesday, 2 Dec 2008 02:59pm EST
Dow Jones reported that Sea Containers Ltd. has agreed to pay $17.5 million to The Goldman Sachs Group, Inc. to settle a dispute that threatened to put some of the company's units into insolvency proceedings in Europe. Sea Containers says without the settlement, it would face new hurdles to finalizing its two-year bankruptcy reorganization and would be tied up in litigation with Goldman Sachs. The settlement, which requires court approval, resolves Goldman Sachs' claims against Sea Containers stemming from a money-losing ferry business in Europe that Sea Containers operated. Without the deal, Goldman Sachs could have forced some of Sea Containers' subsidiaries into insolvency proceedings in the United Kingdom and in Italy, according to court documents.

The Goldman Sachs Group, Inc. Sells $500 Million Three Year TLGP Floaters-ReutersTuesday, 2 Dec 2008 12:29pm EST
Reuters reported that The Goldman Sachs Group, Inc. sold $500 million in three-year floating rate notes under the FDIC's TLGP program. Goldman Sachs was the sole bookrunning manager for the sale.

The Goldman Sachs Group, Inc. Lays Off Dubai Workers On 10% Cuts-DJMonday, 1 Dec 2008 05:12am EST
Dow Jones reported that The Goldman Sachs Group, Inc. has cut its Dubai-based workforce in line with a 10% global reduction in staff to save costs. The layoffs in the Bank's Dubai International Financial Center offices were part of its global strategy. The Bank declined to give the exact numbers of the Dubai job cuts. The cuts began three weeks ago.