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Rail News: Financials
Yesterday, Burlington Northern Santa Fe Corp. announced its board authorized extending a share repurchase program that began eight years ago. The railroad will add 30 million shares to the 150 million shares previously authorized to purchase in equal amounts in 1997, 1999, 2000 and 2003.
So far, BNSF has repurchased more than 147 million shares. As of Oct. 17, the railroad’s outstanding common shares totaled 373 million.
12/9/2005
Rail News: Financials
BNSF to buy back 30 million more common stock shares
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Yesterday, Burlington Northern Santa Fe Corp. announced its board authorized extending a share repurchase program that began eight years ago. The railroad will add 30 million shares to the 150 million shares previously authorized to purchase in equal amounts in 1997, 1999, 2000 and 2003.
So far, BNSF has repurchased more than 147 million shares. As of Oct. 17, the railroad’s outstanding common shares totaled 373 million.
