Backshophoss wrote:If not NS,was PAR or PAS that got D&H?Well...PAS is 50% NS, so that would answer that question with the same answer. I doubt PAR has that kind of cash onhand given all the mill closures that are suddenly looking pretty terrifying for Maine business. They may be a profitable company, but they aren't in acquisition mode and as a privately-held company probably can't amass enough capital on short notice for a major bidding war with publicly-traded Class I's almost certainly in on the mix better able to jack up their bids at the last second.
newpylong wrote:PAR does not have the cash - the MEC is in terrible financial shape.
I guess it's conceivable PAS get it where NS contributes cash and PAR takes over operations, but I think a straight NS sale is more logical. Big rumors of G&W too.