FORT WORTH -
Billionaire investor Warren Buffett is buying Fort Worth-based Burlington Northern Santa Fe railroad.
Buffett's Berkshire Hathaway is paying $26 billion for the 77% of BNSF it does not already own. It's Buffett's largets transaction ever.
"It's an all-in wager on the economic future of the United States," Buffett said in a statement released by BNSF. "I love these bets."
BNSF headquarters will remain in Fort Worth. The deal is expected to close in the first quarter of 2010.
Buffett's Berkshire Hathaway is paying $26 billion for the 77% of BNSF it does not already own. It's Buffett's largets transaction ever.
"It's an all-in wager on the economic future of the United States," Buffett said in a statement released by BNSF. "I love these bets."
BNSF headquarters will remain in Fort Worth. The deal is expected to close in the first quarter of 2010.
