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Tuesday, November 03, 2009
Berkshire Approves 50-for-1 Class B Stock Split
By Sam Mamudi
MarketWatch Pulse
NEW YORK -- Berkshire Hathaway Inc. said Tuesday that its board of directors has approved a 50-for-1 split of its Class B common stock. The split is subject to approval of Berkshire's shareholders. Omaha, Neb.-based Berkshire said in a statement that as part of its $44 billion deal to buy railroad firm Burlington Northern Santa Fe , Class B shares will be needed to "accommodate holders of smaller amounts of BNSF shares who opt for a share exchange rather than a cash payment."
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