Skip to main content

Berkshire Hathaway Inc. News Release

Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B):

Berkshire Hathaway Inc. (“Berkshire”) today announced preliminary results for the elections made by Burlington Northern Santa Fe Corporation (“BNSF”) shareholders with respect to the form of merger consideration they will receive in the proposed merger (the “Merger”) of BNSF with and into a subsidiary of Berkshire. Pursuant to the terms of the merger agreement and subject to the proration and reallocation procedures set forth therein, BNSF shareholders could elect to receive either cash, Berkshire stock or a mix of the two in the Merger, as more fully described in the proxy statement/prospectus relating to the Merger.

According to data available to Wells Fargo Shareowner Services, the exchange agent, as of the election deadline, BNSF stockholders made cash elections with respect to 108,054,170, or 40.85%, shares, while stock elections were made with respect to 114,692,846, or 43.36%, shares. “No election” was made, or deemed to have been made, with respect to all other shares of BNSF. These results, which are being announced at the request of the NYSE, are extremely preliminary and are subject to final determination. These results are also subject to proration and reallocation so as to achieve as closely as practicable the 60/40 cash-stock split, as more fully described in the proxy statement/prospectus relating to the Merger. If the BNSF shareholders approve the Merger at the special meeting of BNSF shareholders to be held today, Berkshire and BNSF plan to close the Merger on Friday, February 12, 2010. Berkshire expects to announce the final results of the election process on the closing date.

About Berkshire

Berkshire and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, retailing and services.

Additional Information

In connection with the proposed Merger, Berkshire has filed with the Securities and Exchange Commission (“SEC”) a registration statement that includes a proxy statement of BNSF that also constitutes a prospectus of Berkshire relating to the proposed Merger. Investors are urged to read the registration statement and proxy statement/prospectus and any other relevant documents filed with the SEC because they contain important information about BNSF, Berkshire and the proposed Merger. The registration statement and proxy statement/prospectus and other documents relating to the proposed Merger can be obtained free of charge from the SEC’s website at www.sec.gov, Berkshire’s website at www.berkshirehathaway.com and BNSF’s website at www.bnsf.com. In addition, these documents can also be obtained free of charge from Berkshire Hathaway upon written request to the Corporate Secretary or by calling (402) 346-1400, or from BNSF upon written request to Linda Hurt or John Ambler or by calling (817) 352-6452 or (817) 867-6407.

Contacts:

Berkshire Hathaway Inc.
Marc D. Hamburg, 402-346-1400

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.