Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Berkshire shares up as Buffett group enters S&P (AFP)
as billionaire Warren Buffett's holding company was integrated into the Standard & Poor's 500 index and was set to finalize its big rail acquisition.
Shares in Berkshire rose 0.56 percent in early trade to 77.12 dollars.
, one of the world's richest men, was set to finalize its 26.3
, one of the largest rail operators in
.
said three months ago it would purchase the 77.4 percent of
that it did not currently own for 100 dollars per share in cash and stock.
A spokesman for S&P confirmed Berkshire had been integrated into the main index comprised of the 500 largest US firms. The change allows investors to more easily get a piece of Buffett's holdings and at the same time offers more liquidity to the group.
Berkshire's B shares will replace BNSF on the index.