“Warren Buffett’s company Berkshire Hathaway purchased 77.4% of BNSF shares for $100 each on November 2, 2009. Berkshire Hathaway already owned 22.6% of the company, so the acquisition gave it total ownership of BNSF.
The purchase had a value of about $44 billion, making it the largest acquisition in Warren Buffett’s career. The transaction also meant that Berkshire Hathaway purchased $10 billion of BNSF’s outstanding debt.”
Thanks, I did not know that.
I still think rail cars tend to just sit around most of the time.
Except the ones hauling oil from Canada to Texas that would have flowed thru the Keystone pipeline. Follow the money.