Berkshire Hathaway takes BNSF private in $34 billion deal
Warren Buffett's firm to buy unowned shares of Burlington Northern Santa Fe railroad and assume $10 billion in BNSF debt.
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CommentBerkshire Hathaway Inc., a holding company controlled by investor Warren E. Buffett, announced on Nov. 3 that it's acquiring the remaining shares of the Burlington Northern Santa Fe Corp. (BNSF). Berkshire Hathaway will buy 77 percent of shares of the BNSF that Hathaway does not already own. The $44 billion transaction includes $10 billion in outstanding BNSF debt.
In a statement on the deal, Berkshire Hathaway chairman and CEO Buffett said that the country's future prosperity depends on having an efficient and well-maintained rail system.
More articles by Mark B. Solomon
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