Berkshire Hathaway All Aboard For $34B Burlington Buy

Law360, New York (November 3, 2009, 1:33 PM EST) -- Berkshire Hathaway Inc. announced Tuesday it will pay $34 billion in cash and stock to become the sole owner of railway operator Burlington Northern Santa Fe Corp., the biggest acquisition in the conglomerate's history.

Berkshire Hathaway, a holding company that functions as Warren Buffett's massive investment vehicle, will be picking up the remaining 77.4 percent of the railway company that it does not already own in a transaction slated to amount to 60 percent cash and 40 percent stock, it said.

The company will offer shareholders...
To view the full article, register now.