Buffett may boost stake in Burlington Northern

The billionaire's Berkshire Hathaway may increase its stake in the railroad company to 25 percent after boosting it to nearly 15 percent just last week.

September 4 2007: 5:55 PM EDT

NEW YORK (CNNMoney.com) -- Billionaire investor Warren Buffett may boost his stake in railroad company Burlington Northern Santa Fe to 25 percent, according to a filing with the Securities and Exchange Commission.

Berkshire Hathaway (Charts, Fortune 500) has a "good faith intention" to buy more than $597.9 million, in addition to the 52.13 million shares of the stock it already owns, according to a document filed by Burlington Northern (Charts, Fortune 500) with the SEC late Friday. Depending on market conditions, Berkshire may acquire more shares, sending its stake past the 25 percent mark.

The notice comes just one week after Buffett's investment conglomerate increased its stake in Burlington Northern to 52.13 million shares, or 14.8 percent of the company.

Last Monday, Berkshire bought an additional 3.32 million shares of the railroad company, and in the prior week it added 6.76 million shares to its holdings. Top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
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