Berkshire Buys Burlington in Buffett’s Biggest Deal »
Posted By Bemuzed 3 weeks, 3 days ago in Business & Finance
Berkshire Hathaway Inc. agreed to buy railroad Burlington Northern Santa Fe Corp. in the company’s biggest takeover under Warren Buffett.
Buffett’s firm will buy the 77.4 percent of the railroad it doesn’t already own for $100 a share in cash and stock, valuing the transaction at about $44 billion, including $10 billion in outstanding debt, Omaha, Nebraska-based Berkshire said in a statement today distributed by Business Wire. That compares with the railroad’s closing price yesterday of $76.07.
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