Warren Buffett's Berkshire Hathaway says tonight (Thursday) that Burlington Northern Santa Fe shareholders need to decide how they want to be paid for their shares by next Wednesday, less than two days before the acquisition is expected to close on Friday, February 12.
In a news release, Berkshire says the "anticipated dealine" for the submission of "Forms of Election" by BNSF holders is 5p ET on February 10.
They can choose to receive $100 per BNSF share in cash, Berkshire stock, or a mixture of the two.
BNSF shareholders will hold a special meeting the next day, February 11, to vote on the proposed deal.
Berkshire says if the merger is approved (and I'd be surprised if it isn't), the deal will close the next day.
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