Tue. December 08, 2009; Posted: 10:40 AM
Dec 08, 2009 (M2 EQUITYBITES via COMTEX) -- BNI | Quote | Chart | News | PowerRating
-- Berkshire Hathaway Inc (NYSE:BRK.A) (NYSE:BRK.B), the holding company of investor Warren Buffett, has received regulatory clearance for its acquisition of rail network operator Burlington Northern Santa Fe Corporation (BNSF) (NYSE:BNI), the two companies said on Monday.
Berkshire Hathaway and BNSF have been granted early termination of the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended.
The deal is expected to be completed in the first quarter of 2010.
Under the agreement Berkshire Hathaway will acquire the outstanding 77.4% of BNI shares it does not currently own for USD100 per share in cash and stock.
The transaction is valued at approximately USD44bn, including USD10bn of outstanding BNSF debt, which will make it the largest acquisition in Berkshire Hathaway's history.
For full details for BRK/A click here.Share Investor Links
Share Investor Blog - Stockmarket & Business commentary
Share Investor New Zealand Business News- Get more business news
Discuss this topic @ Share Investor Forum - Register free
Share Investor's Daily Forex Updates
Recommended Amazon Reading
 | The Warren Buffett Way, Second Edition by Robert G. Hagstrom Buy new: $9.72 / Used from: $4.73 Usually ships in 24 hours |
 | The Tao of Warren Buffett: Warren Buffett's Words of Wisdom: Quotations and Interpretations to Help Guide You to Billionaire Wealth and Enlightened Business Management by Mary Buffett Buy new: $15.61 / Used from: $4.50 Usually ships in 24 hours |
Kindle 2/Kindle DX: Amazon's New Wireless Reading Devices (Latest Generation)
No comments:
Post a Comment