MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Wednesday's Economic News Crunch Could Tilt Markets
- NBA D-League On The Rise
- The Social Media Gaming Threat
- Obama Reiterates Commitment to Boost US-India Ties
- Stifling Anger at Work Can Kill, Survey Finds
- Japan Export Rebound Eases Fear of New Recession
- Australia Wheat Exporters Face Challenges: GrainCorp
- Sales of New Homes Forecast to Rise 2%
- Americans Ditch Planes for Trains this Thanksgiving
- Half of Banks' Losses May Still Be Hidden: IMF Head
- Obama Reiterates Commitment to Boost US-India Ties
- FDIC's Bair Cautions on Risks in Bank Break-Up Plan
- Wednesday's Economic News Crunch Could Tilt Markets
- Call Me Crazy: Confessions of a Black Friday Shopper
- Starbucks Eyes China as Next Major Market
- Citi Mortgage Reveals Something the US Treasury Won't
- Citi Mortgage Reveals What Treasury Won't
- S&P to Hit 1,200 by Year-End: Chief Investor
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- 5 Big Bank Stocks Investors Should Consider: Strategists
- Gambling Drunk, Texting to Live And America's On Sale - Your Emails
- Nov. 24: Unusual Volume Leaders
- NBA D-League On The Rise
Text Size 
OMAHA, Neb., Nov 03, 2009 (BUSINESS WIRE) -- Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) today announced that its Board of Directors approved a 50-for-1 split of its Class B Common Stock. The stock split is subject to the approval of Berkshire's shareholders, who must approve an amendment to Berkshire's certificate of incorporation to increase Berkshire's total number of authorized shares of common stock, as well as the total number of authorized shares of Class B Common Stock, in order to permit the consummation of this split.
Berkshire's Class A Common Stock is not being split. Berkshire has not yet set the date for the special meeting of its shareholders to vote on the amendment to its certificate of incorporation, or the record date for the stock split.
The great majority of the stock issued by Berkshire in the BNSF acquisition announced today will be "A" shares. "B" shares, however, will also be needed to accommodate holders of smaller amounts of BNSF shares who opt for a share exchange rather than a cash payment.
By splitting Berkshire "B" shares 50-for-1, we can accommodate even the smallest holdings of BNSF shares that elect a tax-free exchange.
Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.
SOURCE: Berkshire Hathaway Inc.
CONTACT: Berkshire Hathaway Inc. Marc D. Hamburg, 402-346-1400 Copyright Business Wire 2009 -0- KEYWORD: United States
North America
Nebraska
Texas INDUSTRY KEYWORD: Energy
Utilities
Other Energy
Transport
Maritime
Rail
Trucking
Public Transport
Manufacturing
Logistics/Supply Chain Management
Other Manufacturing
Professional Services
Finance
Insurance
Retail
Other Retail SUBJECT CODE: Merger/Acquisition
Stock Split
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes