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Burlington Northern Santa Fe Sold!

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Burlington Northern railroad is being sold

Posted: Nov 03, 2009 6:54 AM CST

Updated: Nov 03, 2009 6:56 AM CST

 

NEW YORK (AP) - Warren Buffet's Berkshire Hathaway says it has agreed to buy Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion.

 

Berkshire Hathaway Inc. already owns a stake of about 22 percent in Burlington Northern, and says it will pay $100 a share for the rest of the company.

 

The deal announced Tuesday has been approved by the boards of both companies.

 

It would be the biggest acquisition ever for Berkshire Hathaway Inc.

 

 

Copyright 2009 by The Associated Press. All Rights Reserved

 

http://www.kfvs12.com/Global/story.asp?S=11432263

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rich get richer.. owning railroad is like gold ..its backed by the government so it is a wise investment .

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BNSF security is tight but from what I hear from a lot of workers...They don't too much care about writers.

 

BNSF and Union Pacific are my favorites, though.

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berkshire hathaway is warren buffet's holding company.

 

2C did you read the trains magazine article about the chances of current class I railroad mergers? it is not recent but very interesting.

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I remember that as well. ^

 

 

 

My question now is. Are they going to repaint and or remark all the freights and so on?

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this changes nothing operationally. it means one investor went from 26% ownership to 100% ownership. its not a merger or takeover. its a good thing for the future of rail in north america, but for writers it means nada.

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berkshire hathaway is warren buffet's holding company.

 

2C did you read the trains magazine article about the chances of current class I railroad mergers? it is not recent but very interesting.

 

 

 

Yeah, i did, very interesting, I'd wager that it any class I merger would be too big. I like how there are very few good comments in this section "bnsf and up are my favorite, right after cherry snow cones and apple sauce" come on you stupid kids, keep your favorites in the playground

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Oh, and no, its the same company, different owner, security will stay the same, engines and shit will stay the same too. Next time you see a sign at subway that says "under new management" you can assume they still sell sandwiches and use the same logo

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It was kind of a joke.

Someone called me a moron. I laughed.

 

 

Oh, and no, its the same company, different owner, security will stay the same, engines and shit will stay the same too. Next time you see a sign at subway that says "under new management" you can assume they still sell sandwiches and use the same logo

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