Wednesday, November 4, 2009

Warren Buffett puts $ 26 billion for future U.S.

BNSF is the first position on the transport of several categories of goods in the United States.

Investment firm BerkshireHathaway, owned by American billionaire Warren Buffett, acquired in his own company BurlingtonNorthernSantaFe (BNSF), the second-largest railroad conglomerate in the United States.

Occupying the whole second place in the United States by volume of rail transport, BNSF maintains the country's championship in the transportation of such products as coal and grain. In addition, the company transports goods from the ports of the American West, including refrigerators, clothes, televisions.

Today, Berkshire Hathaway owned more than 22% of shares BSNF; the company is now prepared to fork out another 26 billion for the remaining shares and bring his stake to 100%.

In view of past investment and the adoption of debt BSNF, which reaches 10 billion dollars, the total purchase is estimated at 44 billion

It is alleged that this is the biggest deal of all, Buffett carried out so far. Investor buying call himself "a bold bet on the economic future of the United States."

"I love such a bet," - he added.

The deal already approved by the Board of Directors of both companies, but to become a reality, for it still must vote for at least two thirds of the shareholders of BNSF. It is expected that this will happen in the first three months of 2010.

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