Goldman Sachs to buy 2.5M Greenhill shares

November 18, 2009 8:06 AM ET
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NEW YORK (AP) - Some of the managing directors and senior advisers of Greenhill & Co. will sell 2.5 million shares of Greenhill stock to Goldman Sachs & Co., Greenhill said Wednesday.

Goldman Sachs will underwrite the sale of the investment bank's shares. Greenhill will not receive any of the proceeds from the sale. The company's stock finished at $86.88 on Tuesday.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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