Is BNSF a private company?
The BNSF Railway Company is the principal operating subsidiary of parent company Burlington Northern Santa Fe, LLC. Headquartered in Fort Worth, Texas, the railroad’s parent company is a wholly owned subsidiary of Berkshire Hathaway, Inc….BNSF Railway.
Does Warren Buffett Own Burlington Northern Santa Fe Railroad?
Warren Buffett’s Berkshire Hathaway has announced it will buy the 77.4 percent of Burlington Northern Santa Fe Corp. that it does not already own. “Our country’s future prosperity depends on its having an efficient and well-maintained rail system,” said Buffett in a statement.
What companies does BNSF own?
|The Burlington Northern and Santa Fe Railway Company (DE)||100||%|
|Alameda Belt Line (CA)||50||%|
|BN Leasing Corporation (DE)||100||%|
|BNSF Equipment Acquisition Company, LLC (DE)||100||%|
|Bayport Systems, Inc. (TX)||100||%|
How much is BNSF debt?
As of March 31, 2020 and December 31, 2019, the fair value of BNSF Railway’s debt, excluding finance leases, was $952 million and $1.0 billion, respectively, while the book value, which also excludes finance leases, was $864 million and $900 million, respectively.
Is Burlington Northern publicly traded?
As a subsidiary, Burlington shares will no longer be publicly traded. Burlington Northern shareholders were given the choice of being paid for their shares in cash, Berkshire stock, or a combination of the two.
Does Warren Buffett own Bitcoin?
‘Contrary to the interests of civilization’ Not to be outdone, Buffett has made his share of extremely cutting remarks about Bitcoin and cryptocurrency over the years: “I don’t have any Bitcoin. I don’t own any cryptocurrency, I never will,” he told CNBC in 2020.
When did Warren Buffett buy Burlington Northern?
In 2009, Buffett’s Berkshire Hathaway bought Burlington Northern Sante Fe, the nation’s second-largest railroad, in a deal worth $44 billion.
Who bought Burlington Northern Railroad?
Yet in 2009 Warren Buffett decided to make an “all-in wager on the economic future of the United States,” as Berkshire Hathaway (NYSE:BRK. A)(NYSE:BRK.B) acquired railway Burlington Northern Santa Fe (BNSF) for $44 billion.
How much of BNSF does Berkshire own?
Berkshire Hathaway already owned 22.6% of the company, so the acquisition gave it total ownership of BNSF. The purchase had a value of about $44 billion, making it the largest acquisition in Warren Buffett’s career. The transaction also meant that Berkshire Hathaway purchased $10 billion of BNSF’s outstanding debt.
Who was the CEO of Burlington Northern Santa Fe?
Robert D. Krebs of Santa Fe Pacific was president of BNSF from the merger until 1999, chief executive from the merger until 2000, and chairman from 1997 until 2002. He was succeeded in all three positions by Matthew K. Rose .
Who is the parent company of Burlington Northern?
The Burlington Northern Santa Fe Corporation was incorporated in 1993 to facilitate the merger of Burlington Northern, Incorporated, parent of the Burlington Northern Railroad, and Santa Fe Pacific Corporation, which owned the Atchison, Topeka and Santa Fe Railway (Santa Fe).
Who is the parent company of BNSF Railway?
Burlington Northern Santa Fe, LLC is the parent company of the BNSF Railway (formerly the Burlington Northern and Santa Fe Railway). The company is an indirect, wholly owned subsidiary of Berkshire Hathaway, which is controlled by investor Warren Buffett.