Buffett's Berkshire To Sell 9.6M Share Stake in Union Pacific (UNP) and 1.9M Share Stake In Norfolk Southern (NSC)
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Reports from the Associated Press, Warren Buffett's Berkshire Hathaway (NYSE: BRK.a) will sell its stakes in Union Pacific (NYSE: UNP) and Norfolk Southern (NYSE: NSC) before it completes its $26.3 billion acquisition of Burlington Northern Santa Fe Corp (NYSE: BNI).
Berkshire owns 9,558,000 shares of Union Pacific and 1,933,000 shares of Norfolk Southern.
This was widely expected as the stakes would likely raise anti-trust concerns.
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CSX
DE Scherf on Nov 9, 2009 04:36 PMMr Buffeett is going to need an eastern connection. Looks like CSX will be his choice. So, will he buy CSX out right?