Berkshire Hathaway would be receiving GE stock worth USD260.7 million after opting to exercise its warrants the company received for investments committed during the 2008 financial crisis. 

The Warren Buffett led firm would get 10.7 million shares in the world's biggest manufacturer of jet engines, medical scanners and other heavy duty products. This was confirmed by a regulatory filing made by GE from its Fairfield, CN headquarters.

The said transaction is also a defining moment for the leadership of GE CEO Jeffrey Immelt's recovery from the Lehman Bros collapse back in 2008. This also resulted in GE losing its AAA credit rating and its first its first dividend reduction since 1938.  The company previously redeemed USD3 billion in preferred stock issued to Berkshire as part of the capital infusion.

Because of the announcement, GE shares rose by 0.7% to USD24.36 per share. Since Sept.30, 2008, the share valued had declined 4.5% the day before the Buffett investment was made.