Buffett’s Berkshire buying Burlington Northern Santa Fe
By The Associated Press
This article was published November 3, 2009 at 11:08 a.m.
NEW YORK — Warren Buffett’s Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., making a $34 billion bet on the future of the U.S. economy.
Burlington Northern is the nation’s second-largest railroad and the biggest hauler of food products like corn and coal for electricity.
Analysts say Buffett is planting both feet in an industry that is poised to grow as the economy gets back on solid ground. If approved, it would be the biggest acquisition ever for Berkshire Hathaway Inc.
Read tomorrow's Arkansas Democrat-Gazette for full details.
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