Children's Looking for a Ride on CSX's Railroad
From CSX's 10-Q filing: On March 15, 2007, CSX received notice from The Children's Investment Fund Management (U.K.) LLP that it had made a filing under the Hart-Scott-Rodino Antitrust Improvements Act to acquire more than $500 million of CSX stock. That firm has also advised CSX that it currently holds a significant economic position through common stock ownership and derivative contracts tied to the value of CSX stock. The Company is voluntarily furnishing this information.
Recently, Warren Buffett disclosed a 10.9% stake in Burlington Northern Santa Fe Corp. (NYSE: BNI) and is said to be accumulating stakes in two other North American railroads yet to be disclosed.