Nov 3rd, 2009 - Bloomberg
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Nov. 3 (Bloomberg) -- Warren Buffett’s takeover ofBurlington Northern Santa Fe Corp. may reduce his successor’sneed for “amazing insight” to lead Berkshire Hathaway Inc.
The deal for the largest U.S. railroad gives Buffett the“elephant”-sized acquisition he’s been looking for to deployaccumulated earnings from Berkshire’s insurance units andinvestments. Buffett who is vetting candidates for CEO of thecompany he built over four decades, called his biggest purchase“an all-in wager” on the future of the U.S. economy.
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MARKET SNAPSHOT: US Stock Market Gets Upbeat Signal From Buffett
Nov 4th, 2009 - CNNMoney
Berkshire Hathaway Inc.'s blockbuster deal for Burlington Northern Santa FeCorp. should offer a positive jolt to the broader U.S. stock market, which tendsto follow the lead of the transportation sector. "Rails in particular...
S&P may downgrade Berkshire, upgrade Burlington
Nov 4th, 2009 - Forbes
Standard & Poor's warned Wednesday that Warren Buffett's bid for Burlington Northern Santa Fe Corp. could sap the liquidity and capital position of the legendary investor's insurance operations at Berkshire Hathaway Inc....
Buffett's Burlington Breakup Fee Shows Confidence
Nov 4th, 2009 - Bloomberg
Nov. 4 (Bloomberg) -- Berkshire Hathaway Inc., the companythat agreed to buy Burlington Northern Santa Fe Corp. in itsbiggest takeover, accepted a lower-than-usual breakup fee in asign Warren Buffett expects no one will top his bid.Buffett's Wager on Economy May Give Boost for Obama Policies
Nov 3rd, 2009 - Bloomberg
Nov. 3 (Bloomberg) -- Warren Buffett’s takeover ofBurlington Northern Santa Fe Corp. today is a $26 billion bet onPresident Barack Obama’s economic policies at a time when theadministration may need the help.Berkshire Agrees to Acquire Burlington Northern in Buffett's Biggest Deal
Nov 3rd, 2009 - Bloomberg
Nov. 3 (Bloomberg) -- Warren Buffett’s Berkshire HathawayInc. agreed to buy railroad Burlington Northern Santa Fe Corp.in the company’s biggest takeover.
Buffett’s firm will pay $26 billion...
