Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

Berkshire Hathaway Inc. Board of Directors Approves 50-for-1 Split of Its Class B Common Stock

Posted : Tue, 03 Nov 2009 12:37:37 GMT
Author : Berkshire Hathaway Inc.
Category : Press Release
News Alerts by Email ( click here )
News | Home
OMAHA, Neb. - (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.

Berkshire Hathaway Inc.
Marc D. Hamburg, 402-346-1400


Copyright © 2008 Business Wire. All rights reserved.
Share/Save/Bookmark

Article : Berkshire Hathaway Inc. Board of Directors Approves 50-for-1 Split of Its Class B Common Stock
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased Northwest Pipe Company, Announces Class Action Lawsuit and Seeks to Recover Losses
LOS ANGELES - Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the Western District of Washington on behalf of a class (the “Class”) consisting of all persons or entities who purchased the securi

Law Offices of Howard G. Smith, Representing Investors of SunPower Corporation, Announces Class Action Lawsuit
BENSALEM, Pa. - The Complaint charges SunPower and certain of the Company’s executive officers with violations of federal securities laws. SunPower designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power p

Wipro Inaugurates Development Centre in Chengdu, China
BANGALORE, India & CHENGDU, China - Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) announced the inauguration of its global delivery centre at Chengdu, China to provide IT & BPO services to its customers. The center will have secured facilities, labs

Federal Government Commits $19.2 Million to Support National Stroke Research Network
OTTAWA, ONTARIO -- 11/26/09 -- The Canadian Stroke Network, one of Canada's Networks of Centres of Excellence, has received $19.2 million from the federal government over three years to support valuable research into stroke, one of the leading caus..

Language Barriers Keeping Millions of Children Out of Education, Warns Save the Children
TORONTO, ONTARIO -- 11/26/09 -- Millions of children are missing out on an education because their schools teach in a language they don't understand, according to a new report released by Save the Children today. New research shows that o..

Northern Infrastructure Not Ready for Climate Change, Concludes NRTEE
OTTAWA, ONTARIO -- 11/26/09 -- Infrastructure and communities in Canada's North are unprepared to cope effectively with the looming threat that climate change poses to roads, buildings, industrial waste sites, energy and other critical infrastructu..

U.S. Census Bureau Daily Feature for Nov. 26
WASHINGTON, Nov. 26 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau: (Logo: http://www.newscom.com/cgi-bin/prnh/20090226/CENSUSLOGO )

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.