Hello my dears, what is your assessment here, is it worth it now to $CSX (+0,27%) get a foot in the door now?
Buffett is looking for his last big deal before retirement.
Possible purchase of CSX as a strategic counterweight.
USD 90 billion in liquid funds available for takeover.
Warren Buffett has been looking for another major deal for more than a decade. Now the star investor could have his last opportunity shortly before he leaves the helm of Berkshire Hathaway.
In 2009, Warren Buffett made the biggest deal of his career to date. The Oracle of Omaha bought the US railroad company Burlington Northern Santa Fe (BNSF) for 44 billion US dollars. "It's a bet on the economic future of the USA. I love betting," Buffett said at the time. Shortly before the end of his career, he could significantly increase his bet.
According to industry sources, Berkshire may have its eye on the US railroad group CSX. The possible move would come amid growing takeover fantasies in the industry and could mark the final chapter in Warren Buffett's unprecedented career as a star investor.
Details can be found at the link
