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.
Buffett called the purchase of the railroad by hisBerkshire Hathaway Inc. “an all-in wager on the economic futureof the United States.” He’s making it at a time when discontenthas grown in the U.S. about jobs and growth.
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(Updates with details on Buffett's past investments, analyst comments.) Of DOW JONES NEWSWIRES Berkshire Hathaway Inc.'s (BRK.A, BRK.B) acquisition of Burlington NorthernSanta Fe Corp...
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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...