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Posted AT 4:29 PM EST on 03/11/09

Buffett bets on U.S. recovery with takeover of big railway

Globe and Mail Update

Today's top stories from Report on Business: Buffett's Berkshire to buy railroad Warren Buffett is getting into the railway business with his biggest takeover ever. Mr. Buffett's Berkshire Hathaway Inc. struck a $34-billion (U.S.) deal today to acquire Burlington Northern Santa Fe Corp. , offering $100 a share in cash and stock for about 80 per cent of the railroad it does not already own.

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