Berkshire Hathaway Class B Shares Up More Than 2% At Open

Berkshire Hathaway Inc.'s (BRKA, BRKB) so-called baby-b shares got off to a fast start Thursday, rising 2.8% to $71.40 on volume of more than 300,000 shares at the market's open.

The split went into effect Thursday, one day after Berkshire Hathaway's shareholders approved a 50-to-1 split of its class B common stock as part of its planned purchase of Burlington Northern Santa Fe Corp. (BNI).

The split reduced the price of each share to about $67, from a trading price of more than $3,000.

Shares traded heavily pre-market and were recently up more than 2% on volume of 1.8 million shares.

Read Full Article from Wall Street Journal

- Posted: 2010-01-21 10:57:37

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