Jul. 26 at 8:14 AM
$CSX From Barron's: "Berkshire’s Burlington Northern Santa Fe, together with rival Union Pacific, dominate freight railroads in the Western U.S. Union Pacific’s talks with Norfolk Southern about a merger create the possibility that Berkshire would buy CSX, the other major Eastern railroad, and create a transcontinental railroad. Such a deal, which would face considerable regulatory scrutiny, could cost Berkshire
$80 billion or more, assuming a 25% premium to the current CSX price, but be 8% accretive to Berkshire’s 2026 earnings, according to UBS’s Meredith."