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 ) |
|
|
|
|
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.
|
|
|
|
|
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 )
|
|
|
|
|
|
|
|
|
