Berkshire Hathaway buys into two other rails-CNBC

Warren Buffett's Berkshire Hathaway Inc., which built a 10.9 percent stake in Burlington Northern Santa Fe Corp., has acquired stakes in two other rail companies, CNBC television said on Monday.

Citing an interview with the billionaire investor, CNBC said Omaha, Nebraska-based Berkshire spent $700 million on one of the additional rail investments and slightly less on the other.

It was not immediately clear in which other railroads Berkshire invested. The insurance and investment company was not immediately available for comment.

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- Posted: 2007-04-09 09:49:43

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