12.06 AM Wednesday, 29 November 2023
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 05:23 06:41 12:10 15:09 17:32 18:50
29 November 2023

Burlington's CEO welcomes Buffett as owner

Warren Buffett (SUPPLIED)

By Staff Writer

Matthew Rose, CEO of railroad Burlington Northern Santa Fe, welcomed Warren Buffett as his company's new owner while showing analysts and hedge-fund managers the door. Buffett's Berkshire Hathaway completed the buyout after winning the approval of Burlington Northern investors. The deal allows Rose to hand out returns of nearly 300 per cent, plus dividends.


Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.