Berkshire signals Burlington Northern for takeover (Dealscape

Warren Buffett on Tuesday made a wager on higher oil prices and economic recovery as his Berkshire Hathaway Inc. said it would acquire the 77.4% of Burlington Northern Santa Fe Corp. it doesn't already own. The move would be the investor's largest transaction ever.

Berkshire will pay $26 billion in cash and stock for the Burlington shares in a deal that values North America's largest railroad at $34 billion. In a statement, Buffett called the purchase "a huge bet on that company" and its management team led by CEO Matt Rose. "Most important of all, however, it's an all-in wager on the economic future of the United States," Buffett said. "I love these bets."

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74 articles related to Burlington Northern Santa Fe Corp.
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43 in-depth reports of PE deals in the Transportation sector
41 in-depth transaction records for Berkshire Hathaway Inc.
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NOT A SUBSCRIBER? Berkshire signals Burlington Northern for takeover Posted on November 3, 2009 12:39 PM Warren Buffett on Tuesday made a wager on higher oil prices and economic recovery as his Berkshire Hathaway Inc. said it would acquire the 77.4% of Burlington Northern Santa Fe Corp. it doesn't already own. The move would be the investor's largest transaction ever. Berkshire will pay $26 billion in cash and stock for the Burlington shares in a deal that values North America's largest railroad at $34 billion. In a statement, Buffett called the purchase "a huge bet on that company" and its management team led by CEO Matt Rose. "Most important of all, however, it's an all-in wager on the economic future of the United States," Buffett said. "I love these bets." This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 74 articles related to Burlington Northern Santa Fe Corp. 55 company pages related to Railroads 43 in-depth reports of PE deals in the Transportation sector 41 in-depth transaction records for Berkshire Hathaway Inc. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Amusement parks Deb Shops Windstream Corp. Diedrich Coffee Hanna Andersson Tween Brands Entertainment Lazard Lyondell Chemical		EXISTING USERS Username Password Forget your password? Missing a product?

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