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Rail News: Rail Industry Trends

Berkshire Hathaway boosts BNSF stake to 21.8 percent


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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More News from 1/22/2009