January 21, 2010 (FinancialWire) — Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) said that its shareholders have approved amendments to Berkshire’s certificate of incorporation that provide for a 50-for-one split of its class B common stock.

As a result each existing outstanding share of class B common stock will be exchanged for fifty shares of New class B common stock. There will not be a record date or a payable date, according to Berkshire.

The New class B common stock will begin trading on the New York Stock Exchange as of the opening of the market on January 21 and the existing class B common stock ceased trading as of the close of the market on January 20.

Berkshire’s class A common stock is not being split. However as a result of the amendments to its certificate of incorporation, beginning tomorrow each share of class A common stock will be convertible into 1,500 shares of New class B common stock.

Omaha-based Berkshire Hathaway and its subsidiaries engage in business activities including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, retailing and services.

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.