Poll: Would You Buy Berkshire Hathaway Shares After A Split?
On Tuesday, Warren Buffett's Berkshire Hathaway announced that it will allow its Class B shareholders to vote on a 50-for-1 stock split that has already been approved by the board.
It would be a $100-per share deal that would issue mainly Class A shares, and if approved, Class B shares will be valued at $65.30.
The company said the split is necessary to acquire the remaining 88 percent of the Burlington Northern Santa Fe railroad for $26 billion.
Do you think this is a good idea?