Breaking: Buffett to Acquire the Rest of Burlington Northern Railroad
- Joshua M Brown
- November 3rd, 2009
image from Panoramio
It's not for me to tell you what Warren Buffett must see ahead for transportation, energy and economic activity, you must draw your own inferences. What I will say is that this is Berkshire Hathaway's largest-ever purchase so you may want to come up with some kind of thesis to encompass it.
From MarketWatch:
NEW YORK (MarketWatch) -- Warren Buffett's Berkshire Hathaway on Tuesday said it is paying $100 a share to acquire railroad firm Burlington Northern Santa Fe. It will also take on $10 billion of Burlington Northern debt, valuing the total deal at $44 billion. Berkshire said the deal is its biggest acquisition ever. "Our country's future prosperity depends on its having an efficient and well-maintained rail system," Warren Buffett said in a press release. "Conversely, America must grow and prosper for railroads to do well. He added, "Most important of all, however, it's an all-in wager on the economic future of the United States. I love these bets."
Source:
Buffett Buying BNI (MarketWatch)
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The Reformed Broker is a blog about Wall Street, the economy, politics and anything else. Joshua Brown has been managing money for high net worth clients, charitable foundations, corporations and retirement plans. (More »)
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