Tags: US | Burlington | Northern | Berkshire | Hathaway

Burlington Shareholders Approve Sale to Berkshire

Thursday, 11 Feb 2010 10:58 AM

Burlington Northern Santa Fe says shareholders approve the sale of their railroad to Warren Buffett's Berkshire Hathaway.

Burlington Northern CEO Matt Rose said Thursday 70 percent of shares cast approved the deal. The acquisition needed two-thirds approval to pass.

The shareholder vote is the last major step before the $26.3 billion purchase of the Fort Worth, Texas-based railroad.

When the deal officially closes on Friday, it will be Berkshire's largest-ever acquisition. Berkshire is based in Omaha, Neb.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
FinanceNews
Burlington Northern Santa Fe says shareholders approve the sale of their railroad to Warren Buffett's Berkshire Hathaway.Burlington Northern CEO Matt Rose said Thursday 70 percent of shares cast approved the deal. The acquisition needed two-thirds approval to pass.The...
US,Burlington,Northern,Berkshire,Hathaway
77
2010-58-11
Thursday, 11 Feb 2010 10:58 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved