By Ranjan Bhaduri
Jan 21, (THAINDIAN NEWS) In a recent development, the shareholders of Berkshire Hathaway Inc. have given their nod for splitting the class B shares of the company. This development comes after the company getting hold of the Burlington Northern Santa Fe Corp. The deal cost the company $26.3-billion as per the reports. Warren Buffett, the Billionaire investor fought off his aversion to split the company’s stocks so that the takeover of BNSF could be completed.

It was in November that the company owned by Warren Buffet offered $100 US per stock for acquiring 78 percent of BNSF. After this stock split Berkshire Hathaway Inc will be able to offer Berkshire stock to small shareholders of BNSF. BNSF is the second biggest railway of the USA. According to the deal, each shareholder possessing a B share would receive 50 stocks of the Berkshire B share. It is commonly referred as baby berk. As per the market trends seen on Thursday the class B stock of Berkshire will be sold at $67 per share. The class A shares of Berkshire Hathaway Inc. are the most costly U.S. stock and are valued at $100,000 a piece will not be split.

Warren Buffett’s company has also made another significant move. It has struck a deal with Swiss Re. As per the deal, Berkshire Hathaway owned Life Insurance Company becomes eligible for $1.5 billion. The finance sector experts are closely watching the developments. The Omaha based company is known for business activities including casualty and property insurance, finance and manufacturing services. The stock splitting is not going to affect its trading in the coming future, according to the experts.