The Berkshire company, headed by Warren Buffett, has signed up a deal to buy Burlington Rail road company for 44 billion US dollars. The deal is expected to give 77% equity control to Berkshire and it would make or break Berkshire over the next few years.
The deal also would be sending a strong signal to millions of investors across the world, that US is on a strong recovery mode. But as per latest trend of unemployment and housing data, the US is going to face tough times in the near future.
Buffett makes 44 billion buy out deal