Berkshire Hathaway has bought the remaining 77% stake in railroad company, Burlington Northern Santa Fe, for $26.3 billion, The Wall Street Journal reports. The deal, under which Berkshire will assume $10 billion of debt, values Burlington Northern at $34 billion.

Buffett will use $16 billion in cash, half of which is being lent by banks and will be repaid in three annual installments, adds Bloomberg. Burlington is being advised by Goldman Sachs, Evercore Partners and Cravath Swaine & Moore, while Munger Tolles & Olson is the legal advisor to Berkshire.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Bloomberg.