Buffet

Mid-Week Update 11-04-09

Yesterday, Warren Buffett stormed back into the headlines with the largest deal in his 44-year career at the helm of Berkshire Hathaway. The “Oracle of Omaha” announced that he was buying the 77.4 percent of Burlington Northern Santa Fe that he didn’t already own – paying $26 billion or $100 per share of the railroad (a 30 percent premium over the previous day’s closing price), and assuming roughly $10 billion in Burlington debt. Including his previous holding in Burlington, this is a $44 billion investment for Mr. Buffett, and is quite a bet for the investment icon.  Read more...