News for Burlington Northern Santa Fe
Feb 12 · 12:56:00 PM · Source: Reuters
Burlington Northern announced that all shareholders voted overwhelmingly in favor of the Company's acquisition by Berkshire Hathaway Inc.
The merger is expected to close on February 12.
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Nov 14 · 4:11:00 PM · Source: Reuters
The Shareholders Foundation Inc. announced that a lawsuit has been filed in Texas State Court on behalf of investors in Burlington Northern Santa Fe Corporation over alleged breaches of fiduciary duty in connection with an alleged unfair takeover by Berkshire Hathaway Inc.
The complaint alleges, among other things, that the defendants engaged in secret negotiations and the board of Burlington Northern agreed to coercive deal lock-up provisions by agreeing to a matching right, a no-solicitation provision and a termination fee of $264 million.
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Nov 3 · 9:50:00 AM · Source: Company News
Warren Buffett's Berkshire Hathaway said Tuesday it will buy railroad operator Burlington Northern Santa Fe for $44 billion. Berkshire already has major stake in the company, and said it would acquire the remaining 77.4% of the company in a cash-and-stock offer worth $100 per share.
Buffett said deal shows his confidence in the U.S.economy.
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Oct 28 · 12:56:00 PM · Source: Pr-USA.net
Burlington Northern Santa Fe Corporation announced a quarterly dividend of 40 cents per share on outstanding common stock.
Dividends on common stock will be paid January 4, 2010, to shareholders of record December 14, 2009.
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Oct 23 · 12:41:00 PM · Source: Press Release
Burlington Northern Santa Fe reported Q3 earnings of $1.42 per share on net income of $488 million versus earning of $1.99 per share on net income of $695 million in the year ago period.
“During the recession, BNSF has demonstrated significant operating leverage through ongoing dedication to controlling costs and productivity improvements,” said Matthew K. Rose, BNSF Chairman, President and Chief Executive Officer. “The combination of our
significant operating leverage and long-term market opportunities places BNSF in a strong position when the economy recovers.”
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Advertisement