Kendall Law Group Investigates the Burlington Northern Acquisition for Shareholders
Business Wire
Nov 03, 2009
Kendall Law Group, founded by a former federal judge, is investigating
the proposed acquisition of Burlington Northern Santa Fe Corp. (NYSE:BNI)
by Berkshire Hathaway. Under the terms of the agreement, Berkshire
Hathaway will purchase the shares of BNI that it does not currently own
for $100 a share. Berkshire Hathaway already owns 23 percent of BNI.
Former federal judge Joe Kendall said that the “investigation concerns
whether the consideration to be paid to BNI shareholders is grossly
unfair, inadequate, and substantially below the fair or inherent value
of BNI.” Also, the investigation will focus on whether certain members
of BNI’s Board of Directors may have breached their fiduciary duties by
not acting in BNI shareholders' best interests in connection with the
sale process of BNI.
If you are a current holder of BNI and would like additional information
concerning this proposed transaction, including your rights, contact
Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
Kendall Law Group has substantial experience representing investors in
mergers and acquisitions nationwide. Lawyers at the firm include a
former United States Attorney, federal judicial law clerks, a former
state and federal judge in addition to experienced securities lawyers.
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