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CSX stock drops after Warren Buffett confirms no merger plans with Berkshire Hathaway.
CSX Corporation's stock fell 5.12% after Warren Buffett confirmed Berkshire Hathaway has no plans to acquire CSX or another railroad company.
This clarification followed weeks of speculation about a potential merger between CSX and BNSF, a subsidiary of Berkshire Hathaway.
Despite the stock drop, Buffett and CSX's CEO discussed increased cooperation between their companies.
CSX shares slightly recovered in after-hours trading.
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Las acciones de CSX bajan después de que Warren Buffett confirme que no hay planes de fusión con Berkshire Hathaway.