TOM SLEE'S UPDATES on Canadian National Railway, Burlington Northern Santa Fe, Potash ...
GuruFocus Updates (Free subscription) | 07/11/2009
By Gordon Pape. CN Railway (TSX: CNR, NYSE: CNI) Read more » »
Burlington Northern Santa Fe
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Thinking Of Itron, EnerNOC And MYR Group As Possible Takeover Candidates
iStockAnalyst.com (Free subscription) | yesterday
Last week Warren Buffett bought the rest of Burlington Northern Santa Fe (Symbol BNI) in part because of railroads’ inherent ability to transport goods more energy efficiently than trucks. Meanwhile, for a still-to-be-published magazine article, I interviewed a ... [More...]
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Japan on track for Warren Buffettstyle flutter
The Telegraph (Free subscription) | 07/11/2009
Warren Buffett's 44bn purchase of the Burlington Northern Santa Fe railway is a classic Berkshire Hathaway acquisition.
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Warren Buffet's Bet on BNSF
California High Speed Rail Blog (Free subscription) | 07/11/2009
by Rafael Recently, Berkshire Hathaway, the company led by renowned investor and industrialist Warren Buffett, announced a takeover bid for the 77% of shares in the Burlington Northern Santa Fe (BNSF) railroad it does not already own. Remarkably, the offer price of $100-a-share is around 30% above that of the share price before it was made. Even though the $44 billion deal is Berkshire Hathaway's biggest-ever,...
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Comfort Zone Investing: Buffett buys Burlington
BloggingStocks (Free subscription) | 07/11/2009
Filed under: Berkshire Hathaway (BRK.A) , Comfort Zone Investing , Burlington Northern Santa Fe (BNI) Warrent Buffett, investor extraordinaire, just bought something. The Burlington Northern Santa Fe Railroad Company ( BNI ). It cost $26 billion. He already owned part of the railroad, but he wanted it all. Figured it was a great investment. So why should you care? First, because it's Warren Buffett....
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Berkshire reinsurance volume limited by Burlington
Reuters UK (Free subscription) | 07/11/2009
NEW YORK, Nov 6 (Reuters) - Warren Buffett's Berkshire Hathaway Inc said it plans to limit the amount of business underwritten by its reinsurance operations, as it prepares to spend roughly $26 billion to buy railroad operator Burlington Northern Santa Fe Corp .
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Berkshire to borrow billions for Burlington deal
Market Watch (Free subscription) | 07/11/2009
Berkshire Hathaway plans to borrow roughly $8 billion to help the company pay for its acquisition of railroad operator Burlington Northern Santa Fe.
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Too witty for words. I should quit on a high
Times Online - Alan Coren (Free subscription) | 07/11/2009
Warren Buffett’s $44 billion ($£loads) purchase of the Burlington Northern Santa Fe railway company was the best news I have heard all year. At last: a railway served by trains where EVERY carriage is a Buffett carriage.
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Berkshire to borrow $8B to pay for Burlington
Market Watch (Free subscription) | 07/11/2009
SAN FRANCISCO (MarketWatch) -- Berkshire Hathaway said late Friday that it plans to borrow roughly $8 billion to help the company pay for its acquisition of railroad operator Burlington Northern Santa Fe . Berkshire agreed earlier this week to pay $26 billion for the rest of Burlington it doesn't already own. The company is paying 60% of that with cash and the rest with Berkshire stock. In a regulatory...
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An Options Play? "Berkshire Hathaway in the S&P 500? " (BRK.A)
Climateer Investing (Free subscription) | 06/11/2009
From Barron's 'The Striking Price': An options play on Warren Buffett's Berkshire Hathaway's possibly gaining inclusion to the index. Video: Baby Berkshire Is Growing Up OF ALL THE HONORS AND adulations bestowed upon Warrren Buffett, one has eluded him these many years. His company's stocks, Berkshire Hathaway (ticker: BRKA) and the so-called Class B Baby Berkshires (BRKB), have never been included...
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Train Buffs Killed in Fullerton
HolyCoast.com (Free subscription) | 06/11/2009
The Amtrak station in Fullerton is one of the most popular places in Southern California for train buffs to congregate. Every day about 100 trains pass through the station, including the scheduled AMTRAK and Metrolink trains, and dozens of Burlington Northern Santa Fe freight trains headed to or from the Port of Los Angeles. There are three tracks passing through the station - tracks one and three...
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On Berkshire and Burlington Northern
SeekingAlpha.com (Free subscription) | 06/11/2009
Dan Braem submits: During the past year, I wrote a book titled “Building the Next Berkshire Hathaway.” On page 12, I note that it will be interesting to see the direction that Berkshire Hathaway is headed. My prediction was that it will increase its holdings in both railroads and utilities. Check one of those off the list. I believe it is clear that Berkshire, if excess capital is available,...
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Why did Warren Buffett pay 44bn for a ticket to ride?
The Telegraph (Free subscription) | 06/11/2009
At 79 Warren Buffett still has the ability to surprise sending shockwaves through the market with his purchase of Burlington Northern Santa Fe.
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Shareholders Foundation, Inc.: Shareholders Foundation Announces Lawsuit Against Burlington Northern Santa Fe Corporation Board of Directors
Market Wire (Free subscription) | 06/11/2009
SAN DIEGO, CA (MARKET WIRE) The Shareholders Foundation Inc. announces that a lawsuit has been filed in Texas State Court on behalf of investors in Burlington Northern Santa Fe Corporation over alleged breaches of fiduciary duty in connection with an alleged unfair takeover by Berkshire Hathaway Inc.
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Fresno Puts Its Money Where Its Mouth Is For Maintenance Hub
California High Speed Rail Blog (Free subscription) | 06/11/2009
We've been following the growing contest among San Joaquin Valley cities for the main maintenance hub for the CHSRA system. Back in March CHSRA said Merced's Castle Airport was their first choice for the hub location, and Merced County officials have been strongly pursuing that. The contest has become more competitive, with Madera County proposing a site near Chowchilla, and Bakersfield proposing a...