Buffett’s firm to buy Burlington Northern

Posted by admin on Nov 3rd, 2009 and filed under Business. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Warren Buffett

NEW YORK (CNNMoney.com) — Warren Buffett’s Berkshire Hathaway said Tuesday it will buy railroad operator Burlington Northern Santa Fe for $44 billion.

Berkshire (BRKA, Fortune 500), which already has major stake in Burlington Northern, said it would acquire the remaining 77.4% of the company in a cash-and-stock offer worth $100 per share.

Widely regarded as both one of the world’s richest men and the investment community’s more brilliant minds, Buffett called his firm’s investment an “all-in wager on the economic future of the United States.”

Full Story