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Tags: US | Berkshire | Hathaway | Stock | Split

Buffett's Berkshire Set to Split B Shares 50 for 1

Friday, 15 January 2010 04:45 PM

Warren Buffett's Berkshire Hathaway Inc. is getting ready to split the company's Class B shares next Thursday as part of its plan to buy Burlington Northern Santa Fe Corp.

The 50-for-1 stock split, which shareholders will vote on Wednesday, will boost the liquidity of Berkshire's stock, which is one of the nation's most expensive. And that will increase the chances that the Omaha-based company will one day be part of the S&P 500 index.

Berkshire's Class A shares, which were selling for $97,600 Friday afternoon, are not being split.

Class B shares, dubbed "Baby Berkshires," were first issued in 1996 to meet demand from investors who couldn't afford Berkshire's original stock.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Headline
Warren Buffett's Berkshire Hathaway Inc. is getting ready to split the company's Class B shares next Thursday as part of its plan to buy Burlington Northern Santa Fe Corp.The 50-for-1 stock split, which shareholders will vote on Wednesday, will boost the liquidity of...
US,Berkshire,Hathaway,Stock,Split
111
2010-45-15
Friday, 15 January 2010 04:45 PM
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