Warren Buffett knocks down reports that Berkshire’s BNSF taps Goldman for a railroad takeover

Warren Buffett and Media by the BnsF Railway Show on the annual Berkshire Hathaway share in Omaha, NE on Might 6, 2017.
Lassi Outol CNBC
On Tuesday, Warren Buffett dropped the studies that Berkshire Hathaway-BNSF for the rail -owned railway with Goldman Sachs was within the acquisition of a competitor.
The 94 -year -old billionaire investor informed CNBC’s Fast Becky Not anybody from Goldman spoke to him or Greg Abel, who’s scheduled to succeed Pavite as an govt in Berkshire on the finish of the 12 months.
Buffett added that he is not going to ask for recommendation from exterior bankers in offers. “Oracle of Omaha” has lengthy expressed an costly contempt for intermediaries, as banks normally have an incredible incentive to conclude offers.
On Monday, Semafor and Reuteers, noting to unknown sources, said that Berkshire took benefit of Goldman to work in a potential acquisition after Union Pacific expressed her curiosity in South Norvolk.
In 2011, BNSF purchased one of many largest railways for transport in North America, and paid $ 26.5 billion for 77 % of the corporate that you simply had not beforehand owned.
2025-07-22 13:49:00