Warren Buffett is giving arbitrage traders the chance to capture annualized earnings of 22 percent on his bid for Burlington Northern Santa Fe Corp.
Berkshire Hathaway Inc. offered $100 a share for the largest U.S. railroad on Nov. 3 in a deal the Omaha, Nebraska- based insurance and investment company said would probably close during the first quarter. Based on that schedule and Burlington’s closing price of $96.98 yesterday, the acquisition offers an annualized return of 8 percent...
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