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Berkshire wins U.S. antitrust OK for Burlington

Billionaire investor Warren Buffett laughs during a town hall style meeting with business students broadcast by financial television network CNBC at Columbia University in New York, November 12, 2009. REUTERS/Mike Segar

Billionaire investor Warren Buffett laughs during a town hall style meeting with business students broadcast by financial television network CNBC at Columbia University in New York, November 12, 2009.

Credit: Reuters/Mike Segar

WASHINGTON | Mon Dec 7, 2009 11:08am EST

WASHINGTON (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway Inc won U.S. antitrust approval to take over railroad operator Burlington Northern Santa Fe Corp, the Federal Trade Commission said on Monday.

Berkshire is on track to buy the 77.4 percent of Burlington Northern it does not already own for $26.4 billion.

The approval was announced in a list of deals cleared by U.S. antitrust regulators that the FTC issues several times a week.

(Reporting by Diane Bartz, editing by Gerald E. McCormick)
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Comments (1)
nahate wrote:
Berkshire Hathaways acquisition of BNSF and the subsequent 50:1 split of BRKB shares maybe Warren buffett`s gift to the American people!

Dec 08, 2009 11:41pm EST  --  Report as abuse
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