NU Online News Service, Nov.5, 3:34 p.m. EST
Berkshire Hathaway and its insurance subsidiaries, including GEICO, have been placed on Rating Watch Negative over its plans to buy Burlington Northern Santa Fe railroad, Fitch Ratings said.
Berkshire announced Tuesday that it had entered into a definitive agreement with Burlington Northern to acquire the 77 percent of the railroad's shares it does not already own in exchange for cash or Berkshire shares.
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