F.T.C. okays Berkshire acquisition of B.N.S.F.

by Staff
Share This:
OMAHA — Berkshire Hathaway Inc. on Dec. 7 said it has received early termination from the Federal Trade Commission of the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 in connection with the previously announced acquisition of Burlington Northern Santa Fe Corp. The transaction is expected to close in the first quarter of 2010.

Under the agreement, Berkshire Hathaway will acquire for $100 per share in cash and stock the remaining 77.4% of outstanding B.N.I. shares not currently owned to increase its holdings to 100%. 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 B.N.S.F. debt.
Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.