Berkshire Hathaway Inc. (BRKA, BRKB) said on Thursday that February 10 is the anticipated deadline for submission of Forms of Election by Burlington Northern Santa Fe Corp. (BNI) shareholders to receive cash, Berkshire stock or a mix of the two in connection with the proposed merger of BNSF with and into a subsidiary of Berkshire.
If the Burlington Northern shareholders approve the Merger at the special meeting of shareholders on February 11, Berkshire and Burlington Northern intend to close the Merger on February 12. Pursuant to the terms of the merger agreement by and among Berkshire, Burlington Northern and subsidiary of Berkshire, in order for a Burlington Northern shareholder's election to be valid, a properly completed Form of Election must be received by exchange agent, Wells Fargo Shareowner Services, by 5:00 pm, New York time, on the second business day prior to the closing of the Merger.
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