Berkshire Hathaway (BRK-A)(BRK-A) Not to Issue More SharesOther Than Those for Burlington Northern (BNI) Merger Agreement
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Berkshire Hathaway Inc. (NYSE: BRK-A)(NYSE: BRK_B) issues a news release that states:
On January 26, 2010, Standard & Poor’s announced that Berkshire Hathaway Inc. will replace Burlington Northern Santa Fe Corporation (“BNSF”) (NYSE: BNI) in the S&P 100 and S&P 500 indices on a date to be announced. Since that announcement we have received several inquiries regarding whether or not Berkshire would be issuing additional shares of its common stock in what is often referred to as an “Index Add” issuance. Berkshire does not intend to issue any additional shares of its common stock other than the common stock it will issue upon the completion of the previously announced acquisition of BNSF.
On January 26, 2010, Standard & Poor’s announced that Berkshire Hathaway Inc. will replace Burlington Northern Santa Fe Corporation (“BNSF”) (NYSE: BNI) in the S&P 100 and S&P 500 indices on a date to be announced. Since that announcement we have received several inquiries regarding whether or not Berkshire would be issuing additional shares of its common stock in what is often referred to as an “Index Add” issuance. Berkshire does not intend to issue any additional shares of its common stock other than the common stock it will issue upon the completion of the previously announced acquisition of BNSF.
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