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08

Berkshire Discloses $1 Billion Price Tag for GE Railroad Assets

By Tony Seruga

Buffett’s Marmon unit picks up 25,000 tank cars in the deal
BNSF, Berkshire’s railroad, sees profit rise on fuel-cost drop

Berkshire Hathaway Inc., the company controlled by billionaire investor Warren Buffett, said the price for the railroad assets it agreed to buy from General Electric Co. in September was about $1 billion.

Marmon Holdings, a unit of Buffett’s company, acquired about 25,000 tank cars and other equipment from GE in the deal, according to a filing issued Friday by Omaha, Nebraska-based Berkshire. While the transaction had been announced earlier, the price wasn’t disclosed. BNSF, one of the largest U.S. railroads, is also owned by Berkshire…

Berkshire Discloses $1 Billion Price Tag for GE Railroad Assets

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