A recent SEC filing states that the Board of Directors unanimously approved, has declared to be advisable and is recommending to the shareholders of the Corporation for approval a 50-for-1 stock split of the Corporation’s Class B stock. The Board wants recommends this split regardless of the Burlington Northern Santa Fe deal.
Shareholders will have the opportunity to vote at a meeting in January on the stock split. The expected price after the split should be in the range of $65 - $70.
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