Buffet ‘fast tracks’ deal for Burlington Northern

Careers in the News: The Sage of Omaha is at it again!  Warren Buffet and his company, Berkshire Hathaway, Inc., recently purchased the remaining shares of the railroad company, Burlington Northern Santa Fe Corp., at a price of $100 per share; roughly $44 Billion.  The most impressive aspect of the transaction, involving the usual suspects of lawyers and financial advisors, is that the entire deal took only ten days.  Based on this lofty acquisition, perhaps there is truth in Textron’s quip in BusinessWeek’s October 26th issue: “Who has the capital to invest in a downturn?  Those who invested in the last one.”

Find the complete Bloomberg News article.

Written by Amberly Scott

Image by Sam Ruaat