Buffett made the largest acquisition in the history of Berkshire Hathaway

Company of billionaire Warren Buffett – Berkshire Hathaway Inc. – Has agreed to purchase the remainder of the railway company Burlington Northern Santa Fe Corp. for 26 billion dollars. This is the biggest acquisition in the history of Berkshire.
In a statement, Buffett said that the rail business is key to growth
U.S. economy and has great potential.
Company of billionaire will pay $ 100 a share in cash and securities for 77.4% of the shares of the railway company that Buffett still owns. This price is 31.5 percent above the market closing exchange yesterday.
The announcement, which was announced shortly before the start of today’s session, lead to an increase in the shares of Burlington by 1% in just 10 minutes.

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Finance