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Warren Buffett knocks down reports that Berkshire's BNSF taps Goldman for a railroad takeover

1. Buffett dismissed reports of BNSF using Goldman Sachs for a takeover. 2. Berkshire will not seek advice from external bankers on deals. 3. Buffett emphasized disdain for expensive intermediaries in business deals. 4. Media reported BNSF explored takeover amid competitor movements in railroads. 5. Berkshire previously acquired BNSF for $26.5 billion in 2011.

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FAQ

Why Neutral?

Buffett’s denial of the takeover rumors maintains BNSF's stability. Historical data shows that clarity from Buffett can avert stock volatility.

How important is it?

The article directly relates to BNSF's management decisions, impacting Berkshire's overall perception. However, since it’s a denial without new initiatives, the impact is limited.

Why Short Term?

Immediate market reactions typically follow significant announcements or denials like this. Similar situations indicate short-term stabilization of investor sentiment.

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