Berkshire Completes Acquisition of BNSF Railroad

Friday, Feb 12, 2010  |  Updated 5:00 PM CDT
View Comments (
)
|
Email
|
Print
Berkshire Completes Acquisition of BNSF Railroad

Getty Images

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.

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.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out