(Reuters circulated the following on May 15.)
NEW YORK — Warren Buffett’s Berkshire Hathaway Inc. on Tuesday said it had acquired stakes in Norfolk Southern Corp. and Union Pacific Corp. as of the end of 2006.
As of Dec. 31, Berkshire owned 3.95 million shares of Norfolk Southern valued at $198.9 million, and 8.21 million shares of Union Pacific valued at $755.6 million, according to a filing with the U.S. Securities and Exchange Commission.
Berkshire said it also owned 16.1 million shares of Burlington Northern Santa Fe Corp. as of that date. The Burlington Northern stake had grown to 39 million shares by early April.
Buffett had on April 6 disclosed the Burlington Northern stake. Three days later, he said Berkshire invested $700 million in a second railroad company and slightly less in a third, without identifying either. The news sent shares of Burlington Northern, Norfolk Southern, Union Pacific and a fourth railroad company, CSX Corp., higher.