(The following appeared on the Business Week website on October 30.)
OMAHA, Neb. — Billionaire Warren Buffett’s company has added 825,000 shares to its already sizable stake in Burlington Northern Santa Fe Corp., the nation’s second-largest railroad.
Berkshire Hathaway Inc. now owns 18.9 percent, or 64.6 million shares, of the Fort Worth, Texas, based railroad. Documents filed with the Securities and Exchange Commission Thursday show that Berkshire bought its latest BNSF shares Tuesday.
The latest filing says Berkshire paid $79.65 each for the BNSF shares.
Berkshire officials do not typically comment on the Omaha company’s stock holdings. Because the purchases have been made by Berkshire subsidiaries, it’s not clear whether Buffett himself made the decision to buy.