Berkshire Completes Acquisition of BNSF Railroad

Warren Buffett's company has completed its acquisition of Burlington Northern Santa Fe Corp.

Berkshire Hathaway Inc. paid roughly $100 per share in cash and stock for the 77.4 percent of BNSF shares that it didn't already own.

Berkshire said Friday BNSF shareholders will receive roughly $15.87 billion in cash, 80,932 Class A and 21 million Class B shares of Buffett's company.

On Friday afternoon, Berkshire's A shares gained $760 to sell for $115,710, and the B shares gained 94 cents to sell for $77.63.

Berkshire's current stock prices push the value of the deal up to roughly $26.9 billion.

The purchase of the Fort Worth-based railroad is the largest ever for Buffett's Omaha, Neb.-based company.

Copyright AP - Associated Press
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