youcanfindmeindastreets Posted November 3, 2009 Share Posted November 3, 2009 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 Quote Link to comment Share on other sites More sharing options...
x5v1s Posted November 3, 2009 Share Posted November 3, 2009 rich get richer.. owning railroad is like gold ..its backed by the government so it is a wise investment . Quote Link to comment Share on other sites More sharing options...
youcanfindmeindastreets Posted November 3, 2009 Author Share Posted November 3, 2009 here's another link that goes into more detail about the buyout. http://news.yahoo.com/s/ap/20091103/ap_on_bi_ge/us_berkshire_burlington_northern Quote Link to comment Share on other sites More sharing options...
2-C+C-2 Posted November 3, 2009 Share Posted November 3, 2009 Damn, so much for bnsf and ns merging Quote Link to comment Share on other sites More sharing options...
rolling nowhere Posted November 3, 2009 Share Posted November 3, 2009 maybe bnsf will chill the fuck out with the security. haha they are serious about that shit compared to other railroads in my train riding experiences. Quote Link to comment Share on other sites More sharing options...
`Melinoe Posted November 3, 2009 Share Posted November 3, 2009 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. Quote Link to comment Share on other sites More sharing options...
injury Posted November 3, 2009 Share Posted November 3, 2009 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. Quote Link to comment Share on other sites More sharing options...
Cracked Ass Posted November 3, 2009 Share Posted November 3, 2009 Heh. I just scribbled on Warren Buffett's property the other day. Quote Link to comment Share on other sites More sharing options...
eatso Posted November 4, 2009 Share Posted November 4, 2009 whatever. Quote Link to comment Share on other sites More sharing options...
xmyrtlex Posted November 6, 2009 Share Posted November 6, 2009 i remember when bnsf was lookin at buying csx out 1 Quote Link to comment Share on other sites More sharing options...
Rustofills Posted November 6, 2009 Share Posted November 6, 2009 I remember that as well. ^ My question now is. Are they going to repaint and or remark all the freights and so on? Quote Link to comment Share on other sites More sharing options...
Ski Mask Posted November 6, 2009 Share Posted November 6, 2009 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. Quote Link to comment Share on other sites More sharing options...
2-C+C-2 Posted November 6, 2009 Share Posted November 6, 2009 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 Quote Link to comment Share on other sites More sharing options...
2-C+C-2 Posted November 6, 2009 Share Posted November 6, 2009 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 Quote Link to comment Share on other sites More sharing options...
Rustofills Posted November 7, 2009 Share Posted November 7, 2009 Yeah assume no real changes. Quote Link to comment Share on other sites More sharing options...
rolling nowhere Posted November 12, 2009 Share Posted November 12, 2009 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 Quote Link to comment Share on other sites More sharing options...
Rustofills Posted November 12, 2009 Share Posted November 12, 2009 It was kind of a joke. Someone called me a moron. I laughed. Same and same. lol Quote Link to comment Share on other sites More sharing options...
B40-8 Posted December 9, 2009 Share Posted December 9, 2009 Interesting article about this in the new TRAINS magazine this month 2 Quote Link to comment Share on other sites More sharing options...
cheesecurd Posted December 29, 2009 Share Posted December 29, 2009 http://www.startribune.com/local/80289292.html?elr=KArks:DCiUHc3E7_V_nDaycUiacyKU7DYaGEP7vDEh7P:DiUs Quote Link to comment Share on other sites More sharing options...
hill billy Posted October 7, 2011 Share Posted October 7, 2011 Damn, so much for bnsf and ns merging Think NS still wants CN.. Quote Link to comment Share on other sites More sharing options...
bombomb Posted October 26, 2011 Share Posted October 26, 2011 NS has been buying a lot of the small companies. I think NS has the tightest security. Quote Link to comment Share on other sites More sharing options...
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