BNSF Shareholders Approve $34B Sale To Berkshire

Law360, New York (February 11, 2010, 5:38 PM EST) -- Burlington Northern Santa Fe Corp. shareholders have approved the sale of the railroad operator to Berkshire Hathaway Inc. for $34 billion in cash and stock, laying the tracks for the biggest deal in the holding company's history to close Friday.

In a statement Thursday, Berkshire Hathaway said that approximately 70 percent of outstanding Burlington Northern shares supported the deal, outpacing the required 66.66 percent required for approval.

In addition, more than half of the outstanding shares of BNSF Railway Co., a Berkshire Hathaway unit, voted in...
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