BURLINGTON NTH SANTA FE (BNI) 98.10 $0.02 (0.02%) 01:12PM (15 mins delay)

Burlington Northern Santa Fe Acquisition Promises Growth for Berkshire Hathaway

Nov 04, 2009 - 4:13 AM EST

Sovestor submits:

Warren Buffett, 79 years old and the world's biggest and smartest investor, yesterday Nov 3, 2009, announced in a big way that his Berkshire Hathaway (BRK.A) is acquiring Burlington Northern Santa Fe (BNI) for $26 Billion. The detail of the transaction can be found here on CNBC. Berkshire will acquire the 77 percent stake in Burlington Northern Santa Fe that it doesn't already own for $100 a share in cash and stock. CNBC interviewed Warren Buffett on his reasonings on his latest and biggest deal as well as his take on the economy:

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Source: Seeking Alpha (Nov 04, 2009 - 4:13 AM EST)