Warren Buffett Tells CNBC Burlington Northern Buy Is 'Bet' On America
Warren Buffett tells CNBC his $26 billion acquisition of Burlington Northern Santa Fe is a "bet on the country."
Berkshire Hathaway surprised the financial world this morning with word it is buying the roughly 77% of Burlington Northern shares it doesn't already own for a combination of cash and Berkshire Hathaway shares.
Burlington shares are up over 28 percent, trading at $97.50 as of mid-morning. They closed at $75.32 yesterday (Monday.)
Current price: [url=http://data.cnbc.com/quotes/BNI][BNI