Dallas, TX 11/3/2009 11:45:58 PM
News / Business

Stock News - Hathaway to Acquire 77.40% in (NYSE:BNI),

BNI Shares at 15 Months High

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Shares of Burlington Northern Santa Fe Corporation (NYSE:BNI) climbed to 15-Months high after Berkshire Hathaway Inc. (NYSE: BRK.A) and Burlington Northern Santa Fe Corporation (BNSF; NYSE: BNI) today announced a definitive agreement for Berkshire Hathaway to acquire for $100 per share in cash and stock the remaining 77.4 percent of outstanding BNI shares not currently owned to increase its holdings to 100 percent. Based on the number of outstanding BNI shares (including shares currently owned by Berkshire) on Nov. 2, 2009, the transaction is valued at approximately $44 billion, including $10 billion of outstanding BNSF debt, making it the largest acquisition in Berkshire Hathaway history.

Now Burlington Northern Santa Fe Corporation (NYSE:BNI) is trading at $97.59, this represents an increase of 28.29% over the previous day’s closing.

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