Berkshire Hathaway Inc. recently increased its stake in BNSF Railway Co. from 20.5 percent to 21.8 percent of outstanding shares after purchasing more of the railroad’s stock.
The Warren Buffett-led firm spent about $271 million from Jan. 15-20 to buy 4.36 million shares, according to a U.S. Securities and Exchange Commission filing. Berkshire now owns 74.4 million BNSF shares valued at about $4.5 billion.
Berkshire officials previously said the firm might boost its BNSF stake to 25 percent or more.
Source: Progressive Railroading Daily News
