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Saturday, 07/14/2018 9:12:21 AM

Saturday, July 14, 2018 9:12:21 AM

Post# of 2128
Why the B shares split 50-to-1 in 2010:

Jan 20th 2010 "Have you been itching to invest in Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B), but didn't have the $3,400-and-change it would cost to buy a single Class B share? Now's your chance.As expected, shareholders in Berkshire Hathaway have approved a 50-to-1 split of the company's Class B shares, meaning the price of the stock will drop to about $67 a share on Thursday from a current face value of about $3,400. The share split is tied to Berkshire's planned purchase of Burlington Northern Santa Fe Corp. (BNI)."

"The split was necessitated by Berkshire's November [2009] agreement to buy the 77% of Burlington Northern it doesn't already own. Berkshire is paying $100 a share, with 60% in cash and 40% in Class B stock. By splitting the stock, Berkshire is essentially breaking a large-denomination bill into a big pile of small change to simplify the stock portion of the purchase."

https://www.aol.com/2010/01/20/small-investors-rejoice-berkshire-hathaway-stock-to-split-50-t/


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