Nov 3rd, 2009 - CNNMoney
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NEW YORK (CNNMoney.com) -- Warren Buffett's Berkshire Hathaway said Tuesday it will buy railroad operator Burlington Northern Santa Fe for $44 billion.
Berkshire (BRKA, Fortune 500), which already has major stake in the company, said it would acquire the remaining 77.4% of the company in a cash-and-stock offer worth $100 per share.
Widely regarded as both one of the world's richest men and the investment community's more brilliant minds, Buffett called his firm's investment an "all-in wager on the economic future of the United States."
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Buffett Bets Big on Railroads' Future
Nov 4th, 2009 - New York Times
America’s best-known investor, Warren E. Buffett, is making his biggest bet yet on the nation’s economic future by buying, of all things, a railroad.
After deftly capitalizing on the financial crisis with a series of bold deals, Mr...Warren Buffett's Berkshire Hathaway buying Burlington Northern
Nov 4th, 2009 - Los Angeles Times
Billionaire investor Warren Buffett's $34-billion acquisition of railroad giant Burlington Northern Santa Fe Corp. is the biggest bet yet on a U.S. economic recovery,...
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4:19Buffett Benefiting from Burlington Northern
Morgan Keegan's Arthur Hatfield on why Buffett is making a good bet buying the railroad company.
5:23Buffett on His Railroad Bet
Berkshire Hathaway Chairman Warren Buffett on buying Burlington Northern Santa Fe railroad.
2:38Warren Buffet Buys Burlington Northern, Bets on the U.S. Economy
Billionaire Warren Buffet purchased Burlington Northern, his biggest acquisition ever. It's basically a bet on the health of the US economy, say the media.
6:49Warren Buffett's All-In Bet - Morningstar Video
Buffett's bet on the long-term strength of the American economy led him to finally deploy Berkshire's cash hoard.
