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Article: Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Burlington Northern Santa Fe Corp. - BNI.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Levi & Korsinsky is investigating the Board of Directors of Burlington Northern Santa Fe Corp. ("Burlington" or the "Company") (NYSE: BNI) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Berkshire Hathaway, Inc. (NYSE: BRK). Under the terms of the transaction, Berkshire will acquire the remaining 77.4% of Burlington shares it does not already own in a cash and stock valued at approximately $44 billion. The Company's stockholders will receive either $100 in cash or a variable number of shares of Berkshire Class A or Class B common stock, subject to proration if the elections of the ...
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... ... of the Company's common stock. The Company expects to close the sale of common stock, subject to customary ... Finance, Investment, Common Stock, Finance, Investing ... article was prepared by Investment Weekly News editors from staff ...
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