Berkshire Hathaway sells two railroads

OMAHA, NEB. — Warren Buffett’s company has sold two short-line railroads it recently discovered it owned to satisfy regulators who might have reviewed Berkshire Hathaway’s 2010 acquisition of the Burlington Northern Santa Fe railroad if they had known about the short-line railroads.

Berkshire told the Transportation Department’s Surface Transportation Board this month that it had completed the sale of both railroads ahead of schedule.