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Rail News Home Rail Industry Trends

1/22/2009



Rail News: Rail Industry Trends

Berkshire Hathaway boosts BNSF stake to 21.8 percent


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Berkshire Hathaway Inc. recently increased its stake in BNSF Railway Co. from 20.5 percent to 21.8 percent of outstanding shares after purchasing more of the railroad’s stock.

The Warren Buffett-led firm spent about $271 million from Jan. 15-20 to buy 4.36 million shares, according to a U.S. Securities and Exchange Commission filing. Berkshire now owns 74.4 million BNSF shares valued at about $4.5 billion.

Berkshire officials previously said the firm might boost its BNSF stake to 25 percent or more.


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