Does Warren Buffett Own Burlington Northern Santa Fe Railroad?
Burlington Northern Santa Fe, LLC is the parent company of the BNSF Railway (formerly the Burlington Northern and Santa Fe Railway). The company is an indirect, wholly owned subsidiary of Berkshire Hathaway, which is controlled by investor Warren Buffett.
How do I contact BNSF?
You should call BNSF’s emergency number at 800-832-5452 to report any railroad emergency, including the false activation of gates and lights.
Does Warren Buffett own a railroad company?
On November 3, 2009, Warren Buffett’s Berkshire Hathaway announced it would acquire the remaining 77.4 percent of BNSF it did not already own for $100 per share in cash and stock—a deal valued at $44 billion. The company is investing an estimated $34 billion in BNSF and acquiring $10 billion in debt.
Why did Buffett buy BNSF?
Buffett first invested in Burlington Northern in 2007, buying 7.85 million shares, or 17.2 percent of the company. “Our country’s future prosperity depends on its having an efficient and well-maintained rail system,” said Buffett in a statement. “Conversely, America must grow and prosper for railroads to do well.”
Who bought Burlington Northern railroad?
Berkshire Hathaway Inc.
Making a $34 billion bet on the future of the U.S. economy, Warren Buffett’s Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp.
Is BNSF public or private?
Warren Buffett’s $26 billion “bet on America” is now official. Berkshire Hathaway has just issued a news releaseannouncing the “closing of the merger of Burlington Northern Santa Fe Corporation (‘BNSF’) with and into a subsidiary of Berkshire.” As a subsidiary, Burlington shares will no longer be publicly traded.
Who owns the rail lines?
BNSF, for example, is 46 percent owned by Wall Street investment funds. At CSX, the figure is 35 percent; at Union Pacific, 34 percent; at Kansas City Southern, 33 percent; and at Norfolk Southern, 32 percent, according to Bloomberg News….Who owns the railroads.
| BNSF | |
|---|---|
| AXA | 1.8% |
| Total | 33.4% |
| Norfolk Southern | |
| Capital Research Global | 5.0% |
Does Buffett Own Burlington?
Warren Buffett’s Berkshire Hathaway has announced it will buy the 77.4 percent of Burlington Northern Santa Fe Corp. that it does not already own. Priced at $100 per share, or about $44 billion, including the assumption of about $10 billion in debt, it would be the largest deal in Berkshire Hathaway’s history.