TOPEKA, Kan. (WIBW)_ Berkshire Hathaway has announced a deal to purchase all outstanding shares of BNSF corporation.

The holding company, run by William Buffet, will buy the 77.4% of shares it does not currently hold for $100 per share in cash and stock.

The largest deal in Berkshire history, the transaction is valued at $44 billion on November 2nd, including $10 billion of outstanding BNSF debt.

Saying that America's "future prosperity depends on its having an efficient and well-maintained rail system," Buffet called the purchase, "an all-in wager on the economic future of the United States."

"I love these bets," he added.