The chief executive of Burlington Northern Santa Fe Corp said Warren Buffett’s Berkshire Hathaway is liquidating its stakes in rival railroad companies Norfolk Southern Corp and Union Pacific Corp, as Berkshire prepares to close its purchase of BNSF, reports the WSJ. According to a regulatory filing, BNSF CEO Matthew Rose told staff on Nov 3 that Berkshire “will be disposing of both those holdings between now and the transaction date”.
