Oct 8th, 2007 by Martin Lee
Buffett’s Berkshire Hathaway holding company reveals in a series of filings with the SEC that it has exercised call options to puchase 7,847,818 shares of the freight railroad Burlington Northern Santa Fe.
This purchase raises Berkshire’s stake to 60,828,818 shares, or 17.2% of Burlington Northern’s outstanding shares.
In my previous post on this matter, I mentioned that Buffett is developing a liking for railway companies. This trend looks set to continue.