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Western Railroad Discussion > Berkshire to sell UP, Norfolk Southern stakes


Date: 11/09/09 12:36
Berkshire to sell UP, Norfolk Southern stakes
Author: mococomike

By JOSH FUNK , 11.09.09, 03:31 PM EST
Associated Press

OMAHA, Neb. -- Warren Buffett's company will sell its stakes in Union Pacific and Norfolk Southern railroads before it completes its $26.3 billion acquisition of Burlington Northern Santa Fe Corp. railroad.

Berkshire Hathaway Inc. plan to sell those stocks was revealed in documents filed with the Securities and Exchange Commission on Monday.

According to a transcript of a conference call, BNSF's CEO Matt Rose told employees of his Fort Worth, Texas-based railroad that Berkshire plans to sell its 9.6 million shares of Union Pacific Corp. and 1.9 million shares of Norfolk Southern Corp.



Date: 11/09/09 15:12
Re: Berkshire to sell UP, Norfolk Southern stakes
Author: ddg

In the article I read it didn't say they were going to "sell" them. It said they were going to "dispose" of them. (as in disposible diaper)



Date: 11/09/09 15:21
Re: Berkshire to sell UP, Norfolk Southern stakes
Author: Chief409

Likely to avoid anti-trust regulations or objections in getting the sale approved.

Jeff



Date: 11/09/09 16:24
Re: Berkshire to sell UP, Norfolk Southern stakes
Author: BrooklynHauler

Chief409 Wrote:
-------------------------------------------------------
> Likely to avoid anti-trust regulations or
> objections in getting the sale approved.


You nailed it, this is all about anti-trust issues.



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