bnsf

bnsf

Berkshire Fort Worth - Billionaire investor Warren Buffett is worth buying Fort-based Burlington Northern Santa Fe railroadBuffett Hathaway will pay 26 billion U.S. dollars for 77% of BNSF does not have. Largets Buffett is a list of precedence. "That's all. In negotiating future economy of the United States," said Buffett in a statement issued by BNSF. "I love this bet." BNSF headquarters will remain in Fort Worth. Management is expected to close the first quarter of 2010. Thomas N. Hund, executive vice president and chief financial officer of Burlington Northern Santa Fe Corporation (BNSF) (NYSE: BNI), will address the Citi Industrial Manufacturing & Transportation Conference in New York on Thursday, Nov. 12, 2009, at 8:45 a.m. EST. Interested investors may listen to the presentation via a simultaneous webcast on BNSF's Web site at www.bnsf.com.

burlington northern

burlington northern

Warren Buffett's Berkshire Hathaway Inc. agreed to buy the railroad Phillips North Santa Fe Corp. in the biggest takeover.Buffett's company will pay $ 26 billion, or $ 100 share in cash and shares, for 77.4 percent of the railroad does not own. Including its previous investment and debt takeover, the value of the deal about $ 44 billion, Omaha-based Berkshire said in a statement today. This compares with a closing price yesterday of the railway is $ 76.07.

Berkshire has been building a stake in the Fort Worth, Texas-based railroad for more than two years as Buffett looked for what he called an “elephant”-sized acquisition in which he could deploy his company’s cash hoard, valued at more than $24 billion as of the end of June. Trains stand to become more competitive against trucks with fuel prices high, he has said. “It’s an all-in wager on the economic future of the United States,” Buffett said in the statement.

That Warren Warren, benefiting from the competitive market that is possible when a relatively low price of the software, he said: "Tom Russo, a partner at Gardner Russo and Gardner, a Berkshire shares." It as the business reaches the advantage that against other forms of transport. "The contribution of $ 100, payment of tissue Burlington 18.2 times 2010 earnings $ 5.51, based on the average analyst projections in a Bloomberg survey.