STB to examine Buffett's BNSF buy

Friday, February 17, 2012

The U.S. Surface Transportation Board said Thursday it will hold a March 22 public hearing to explore the impact of Berkshire Hathaway's acquisition of the BNSF Railway in 2010 on certain costing determinations. Berkshire, headed by the billionaire investor Warren Buffett, paid $43 billion to acquire BNSF. STB said the Western Coal Traffic League (WCTL) and other parties argue that BNSF's acquisition price produced an $8.1 billion write-up in the rail...

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