Warren Buffett and the media by the BNSF Railway show astatine the Annual Berkshire Hathaway Shareholder's Meeting successful Omaha, NE connected May 6, 2017.
Lacy O'Toole | CNBC
Warren Buffett connected Tuesday knocked down reports that Berkshire Hathaway-owned railroad BNSF was moving with Goldman Sachs connected a takeover of a rival.
The 94-year-old billionaire capitalist told CNBC's Becky Quick that nary 1 from Goldman had talked to him oregon Greg Abel, who is acceptable to win Buffett arsenic Berkshire CEO astatine the extremity of the year.
Buffett added that helium would not question proposal from outer bankers connected deals. The "Oracle of Omaha" has agelong voiced disdain for costly intermediaries arsenic banks usually person a large inducement to marque deals.
On Monday, Semafor and Reuters reported, citing anonymous sources, that Berkshire tapped Goldman to enactment connected a imaginable takeover aft rival Union Pacific expressed involvement successful Norfolk Southern.
In 2011, Berkshire bought BNSF, 1 of the largest freight railroad networks successful North America, paying $26.5 cardinal for the 77% of the institution it didn't antecedently own.
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