Berkshire Buys Burlington in Buffett’s Biggest Deal

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. agreed to buy railroad Burlington Northern Santa Fe Corp. in the company’s biggest takeover.

Buffett’s firm will pay $26 billion, or $100 a share in cash and stock, for the 77.4 percent of the railroad it doesn’t already own. Including his previous investment and the assumption of debt, the value of the deal is about $44 billion, Omaha, Nebraska-based Berkshire said in a statement today. That compares with the railroad’s closing price yesterday of $76.07.

via Berkshire Buys Burlington in Buffett’s Biggest Deal (Update2) – Bloomberg.com.

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