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10:55PM (15 mins delay)
Nov 05, 2009 - 5:36 AM EST
I've gotten tons of calls and emails since the Berkshire (BRK.A)/Burlington (BNI) deal was announced. I'm flattered that so many people care about my thoughts (or are just kind enough to humor me). Having followed Buffett since before he was widely known and cool, I know what a Buffett acquisition looks like. Burlington is out of character.
Whether it's motivation, price, method of payment, etc, Burlington is unlike any Berkshire deal I am aware of. While most people focus on the massive size of the deal, it is the least surprising aspect of the transaction. After all, Warren Buffett has often talked about hunting for elephants.
Source: Seeking Alpha (Nov 05, 2009 - 5:36 AM EST)
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