(RTTNews) - Berkshire Hathaway Inc. (BRK.A, BRK.B) announced Tuesday morning that it agreed to acquire the remaining 77.4% of outstanding shares of Burlington Northern Santa Fe (BNI) that it does not currently own, for $100 per share. The transaction is valued at approximately $44 billion
Burlington Northern Santa Fe gapped open sharply higher Tuesday morning and is now up 21.51 at $97.58, with volume at over a 9-month high. The stock has surged to a new high for the year.
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