Thursday, February 8, 2001
home page local news opinion business island life sports
AP MoneyWire
Island Bank Rates
Small Business
AP Technology News
AP Stock Quotes
Search by ticker symbol, abbreviation from The Advertiser or company name

Classified Ads
Restaurant Guide
Business Directory

Posted on: Thursday, February 8, 2001

Estate to sell Goldman stock

Advertiser Staff and News Services

Kamehameha Schools has filed with the Securities and Exchange Commission yesterday to sell 1.5 million shares of Goldman Sachs common stock. The estate said it expects the sale will earn about $168 million, based on Monday’s closing price of $112.10 a share. The transaction will leave Kamehameha Schools with 9.5 million shares, or a 2 percent stake in the investment banking firm, making it the third-largest institutional shareholder.

Since Goldman Sachs initial public offering in May 1999, the estate has earned more than $1.7 billion from the sale of its stock. Kamehameha Schools also earned about $900 million in partnership distributions prior to the IPO.

Kamehameha Schools, a $6 billion trust, is Hawaii’s largest private landowner. It was established in 1884 to educate children of Native Hawaiian ancestry.

[back to top]

Home | Local News | Opinion | Business | Island Life | Sports
USA Today Stocks | Island Stocks | Island Mutuals | Island Bank Rates
Small Business Resources | Investment Glossary
How to Subscribe | How to Advertise | Site Map | Terms of Service | Corrections

© COPYRIGHT 2001 The Honolulu Advertiser, a division of Gannett Co. Inc.