Page 1 of 1

BNSF Sold!

Posted: Sun Nov 08, 2009 12:52 am
by ThomasTelford
Hi Folks. :D

Long time rail fan and the 2nd richest man in the United States Warren Buffett plans to have a new trainset to play with! 8) Mr Buffetts Omaha investment company Berkshire Hathaway Inc is set to make the share owners of Burlington Northern and Santa Fe Railroad a offer of around $34 Billion Dollers for a controling share of BNSF and is taking on another $10 Billion Dollers worth of bad dept.If the shareholders agree to the sale then Warren Buffets company plan to have control of BNSF by 1st April 2010.
It is thought that Warren Buffett has been a life long railroad fan ever since he saw a toy trainset in a toystore window when he was a child but sadly his parent could'nt afford one. :( However it is thought that on the 3rd floor of his modest house in Dundee Omaha Nebraska USA is a very large model railway for him to spent a little of his personal time.

Re: BNSF Sold!

Posted: Sun Nov 08, 2009 2:26 pm
by salopiangrowler
hopefully when the economic climate grows he can expect a small profit. $34 Billion seems alot but when you think they have 1000+ loco's and are the second largest Class 1 freight operator with an Area even the Union pacific would be proud of then it looks like a bargain.