Berkshire Hathaway: Buffett Ends CSX Acquisition Speculation and Focuses on Collaboration with BNSF!

Warren Buffett has put an end to all speculation regarding a multibillion-dollar acquisition of the US railroad operator CSX. In an interview with CNBC, the CEO of Berkshire Hathaway made it clear that although its subsidiary BNSF will work more closely with CSX, an acquisition of the $61 billion company is not planned. The stock market reacted promptly, with CSX shares losing about 5%. Union Pacific and Norfolk Southern form the first railroad company with a nationwide East-West network The background is the merger of Union Pacific and Norfolk...