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Tags: US | Burlington | Northern | Berkshire | Hathaway

Burlington Shareholders Approve Sale to Berkshire

Thursday, 11 February 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 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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 February 2010 10:58 AM
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