NEW YORK, Nov. 3, 2009 (GLOBE NEWSWIRE) -- Tripp Levy PLLC announces an investigation into the proposed acquisition of Burlington Northern Santa Fe Corp. (NYSE:BNI). On November 3, 2009, Berkshire Hathaway Inc. (NYSE:BRK.A and BRK.B) announced that it has entered into an agreement to acquire the remaining shares of BNI that it does not currently own for $100 a share in cash and stock. Berkshire Hathaway owns approx. 23% of BNI's common shares.
The investigation concerns whether the consideration to be paid to BNI shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of BNI. The investigation further concerns whether certain members of BNI may have breached their fiduciary duties by not acting in BNI shareholders' best interests in connection with the sale process of BNI.
If you are a current holder of BNI and would like additional information concerning this proposed transaction, including your rights, please feel free to contact us at the information below.