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Berkshire buys 4.3 million BNSF Corp. shares
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OMAHA, Neb. - Warren Buffett's company has bought more than 4.3 million shares of Burlington Northern Santa Fe Corp. stock, increasing its stake to more than 74 million shares.
Berkshire Hathaway Inc. controls more than 20 percent of the nation's second-largest railroad. Documents filed with the Securities and Exchange Commission show Berkshire completed its latest purchases Tuesday.
Berkshire's BNSF stock is held by National Indemnity Co., one of Berkshire's insurance subsidiaries.
Berkshire owns insurance, furniture and jewelry companies, utilities and a corporate jet firm, and has major stock investments.
BNSF is based in Fort Worth, Texas.
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