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OMAHA — Berkshire Hathaway Inc. shareholders approved splitting the company’s Class B shares 50-for-1 on Wednesday as part of the company’s $26.3 billion acquisition of Burlington Northern Santa Fe Corp.
The stock split will enable Berkshire to offer even small BNSF shareholders Berkshire stock as part of the acquisition of the nation’s second-largest railroad. And Berkshire chief executive Warren Buffett said there are other benefits to the split.
The stock split will make Berkshire’s Class B stock much more affordable at roughly $69 per share.
