Berkshire Hathaway buys Burlington Northern Santa Fe Corporation

November 3, 9:56 AMBoston Investing ExaminerGreg Menges

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Burlington Northern Santa Fe Corporation (BNI) announced that Berkshire Hathaway will acquire the company for $100 per share in cash and stock.

Berkshire Hathaway is purchasing the remaining 77.4% of outstanding BNI shares not currently owned, which increases its holdings to 100%. Based on the number of outstanding BNI shares (including shares currently owned by Berkshire), the transaction is valued at $44 billion, including $10 billion of outstanding BNI debt, according to Briefing.com.

Click here to read the report from Associated Press.

Gregory Menges is a founder of Boston Independent Advisors. Greg is a seasoned financial advisor with more than 15 years' experience serving individuals, families, business owners, and company sponsored retirement plans. All securities offered through Investors Capital Corp., Member FINRA/SIPC - Advisory Services offered through Investors Capital Advisory.

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