Dump the dog, buy the thoroughbred:
• Berkshire Buys Burlington Northern in Buffett’s Biggest Takeover (Bloomberg)
• Buffett’s Berkshire Sells More Moody’s (Barron’s)
Prior to the takeover, Berkshire owned 22.6% of Burlington Santa Fe.
At the end of 2008, Berkshire held 48 million shares of Moody’s. Their stake is now down to 38 million shares, or 16.1%.
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