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To: Sr K who wrote (170721)6/10/2014 10:43:08 AM
From: Bill from Wisconsin  Respond to of 213177
 
(Reuters) - Standard & Poor's said it will add Warren Buffett's Berkshire Hathaway Inc to its flagship S&P 500 stock index, as the company prepares to acquire railroad operator Burlington Northern Santa Fe Corp.

reuters.com

Berkshire's Class B shares rose $5.40, or 7.9 percent, to $73.40 following the announcement after hours. Its Class A shares, which were not split, closed down $1,449 at $101,751 on Tuesday. They rose 8.1 percent to $110,000 after hours.

S&P's announcement followed Berkshire's 50-for-1 split last week of the B shares, to make it easier for Burlington Northern shareholders to exchange their stock for Berkshire stock in a tax-free swap, rather than accept cash.

Berkshire will replace Burlington Northern in the S&P 500 and in the S&P 100 index of the largest blue-chip companies, on the date to be announced.