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Tuesday, November 3, 2009

Warren Buffet Spends $34 Bil On Burlington Northern Railroad Deal

Buffett buys a railroad. Warren Buffett, chairman of Berkshire Hathaway, discusses on CNBC his company's $34 billion deal to buy Burlington Northern.




Buffet's deal is about betting on America. He still believes that our nation can bounce back.



Buffet's Berkshire buys Burlington. Warren Buffett's Berkshire Hathaway is buying Burlington Northern for $100 a share, the company's largest takeover to date. Jon Langenfeld, a transportation analyst at Robert W. Baird, shares his insight.




Sources: MSNBC, CNBC, Google Maps

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