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Buffett Bets on Recovery As He Buys Railway Firm for $26bn

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Written by Vector1Media Wednesday, 04 November 2009 12:36

IRISH INDEPENDENT -  Warren Buffett's Berkshire Hathaway has agreed to buy railway firm Burlington Northern Sante Fe in the the company's biggest takeover as he bets on a recovery in the US economy. Mr Buffett's firm will pay $26bn (€17.7bn), or $100 a share in cash and stock, for the 77.4pc of the railroad it doesn't already own. Read More

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