Berkshire won't issue stock when joining S&P 500
From AP News | 2010-01-28 19:27:43
<div id="subtitle">Buffett's Berkshire Hathaway won't issue additional stock when it joins S&amp;P stock indexes</div><div><p>Berkshire Hathaway Inc. won't issue additional stock when it joins the S&amp;P 500 and S&amp;P 100 stock indexes.</p><p>Warren Buffett's company said Thursday the only shares it plans to issue in the near future are the ones required as part of Berkshire's $26.3 billion acquisition of Burlington Northern Santa Fe Corp.</p><p>Buffett's Omaha, Neb.-based company says it's received several inquiries about whether it will issue stock since Standard &amp; Poor's announced plans Tuesday for Berkshire to replace BNSF in its indexes.</p><p>All the investment funds that mirror the S&amp;P 500 will buy Berkshire stock after it joins the index, so there will be demand. Buffett has said he expects those investment funds to buy about 6 percent of Berkshire's stock.</p><p>___</p><p>On the Net:</p><p>Berkshire Hathaway Inc.: http://www.berkshirehathaway.com</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=67989226&bid=informcom" /></div><div id="copyright"><div>
Copyright 2010 <a href="http://www.ap.org">AP News</a></div></div>
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