burlington northernWarren 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.
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.
