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Updated: 10:40 AM Nov 3, 2009
Berkshire Hathaway To Buy BNSF
In the largest deal in Berkshire Hathaway history, the holding company, run by William Buffet, will buy the 77.4% of shares it does not currently hold in BNSF for $100 per share in cash and stock.
Posted: 10:33 AM Nov 3, 2009 |
(Jason Reed/Reuters)
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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.
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Posted by: http://bnsf-2009.blogspot.com/
Location: USA
on Nov 3, 2009 at 11:12 AM
HI!! I HAVE AMAZING NEWS ABOUT THIS MATTER!!! LOOK FOR THEM IN MY BLOG
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