On November 3, 2009
Berkshire Hathaway Buys Out Burlington Northern for $26B
Berkshire Hathaway Inc. agreed to to a $26 billion deal to acquire Burlington Northern Santa Fe Corp., the country’s second-largest railroad holding company. This is the biggest acquisition ever made for Berkshire Hathaway. Berkshire Hathaway chairman and chief executive Warren Buffett said in a statement, “Berkshire’s $34 billion investment in BNSF is a huge bet on that company. It’s an all-in wager on the economic future of the United States. . . . I love these bets.” The news seemed to made business pundits wet their pants in excitement. I saw dozens of analysis spring up within an hour of the announced deal and BusinessWeek picked both Berkshire Hathaway and Burlington Northernas great stocks. My work as a business journalist makes…
0 Comments