$BRK Berkshire Hathaway Split, Will Join S&P 500
OMG, BRK.B is going to split, 50-to-1 and join S&P! That’ll be $66/share at today’s price.
Warren Buffett is likely about to orchestrate one of the biggest changes in years to the financial structure of his company.
Berkshire Hathaway Inc. is widely expected to approve a 50-to-1 share split of its Class B shares on Wednesday, a move tied to its planned purchase of the railroad giant Burlington Northern Santa Fe Corp.
With the split, trading volume will likely increase, and that could attract a new group of bigger and faster-trading investors. The B shares closed Friday at $3,247, a lofty price that limited the kind of investors who bought the stock to mostly those with …