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Nov 04, 2009 - 5:39 AM EST
Warren Buffett agreed to buy Burlington Northern Santa Fe (BNI) for 34 Billion in Cash and stock. BNI Shareholders will have the option of being bought out in cash (100 dollars per share) or Berkshire stock. Berk-B (BRK.B) is currently trading for $ 3,310 per share, but the Berkshire Board has approved a 50-1 Split for Burlington Share holders that have smaller denominations of equity. Buffett already owns 22% of the Railroad but is going all in on his biggest acquisition ever.
Source: Seeking Alpha (Nov 04, 2009 - 5:39 AM EST)
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