Berkshire Hathaway increases stake in Santa Fe railroad

Source: Supply Chain Digital

Date :1/25/2008 5:24:15 AM

Berkshire Hathaway increases 17.8 percent stake in Burlington Northern Santa Fe Corp.

Berkshire Hathaway Inc, owned by Warren Buffett, now owns 18.2 percent of the nation's second-largest railroad after buying 10,300 more shares - $75.51 a BNSF share - on Tuesday, according to documents filed Thursday with the Securities and Exchange Commission.

The Omaha-based holding company now owns nearly 63.8 million shares in the Fort Worth, Texas-based railroad.

All of Berkshire's BNSF stock is held by National Indemnity Co., which is one of Berkshire's insurance subsidiaries.

Last year Berkshire also invested in two other railroad companies, Norfolk Southern Corp. and Union Pacific Corp., but Berkshire reduced its investments in those two railroads in the second half of 2007.

January 25, 2008