Saturday, March 3, 2012

Berkshire Buys More Shares in BNSF

Warren Buffett's company is adding to its stake in Burlington Northern Santa Fe Corp., the nation's second-largest railroad.

The billionaire's Berkshire Hathaway Inc. now owns 18.2 percent of the railroad after buying 10,300 more shares on Tuesday, according to documents filed Thursday with the Securities and Exchange Commission. The stake grew from 17.8 percent listed in an SEC filing last week.

Berkshire reported purchases of BNSF stock five times this month, and the Omaha-based holding company now owns nearly 63.8 million shares in the Fort Worth, Texas-based railroad.

The latest filing says Berkshire paid $75.51 each for the BNSF shares.

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