oibu wrote: ↑Wed Jul 01, 2020 8:49 am Is there any source for this claim other than Trains? All the other (non railfan) media I see on the topic just cites Trains, and no other industry or government officials seem to know anything either way. I'm not going to take it too seriously just yet if the only source making the claim is a railfan publication (no disrespect intended), and so far I don't see any media with a more direct source other than citing a secondary source.My company (private) has been working on acquiring another (private) for half of a year. There isn't going to be one person told outside of the company besides debtors under NDA until it's official. That is just how it works. This isn't a public buyout.
Also, "everything is for sale at the right price" even when it's not. So is this a "fire sale, everything MUST go!" or is this just "eh.... meh.... maybe I'll let word slip out that it's for sale and just see if I get any real good offers and then think about whether any of them are too good to refuse.... or not". I'll believe the company is sold when the transaction is complete. A privately held company sale could easily not happen even if the owner showed up with pen in hand if they decide at the last minute not to sign whereas a class I sale is probably happening if a primary source says it is so. Even if "totally true" this could be nothing more than the guy with a Shelby Cobra with 5k miles in the barn that hasn't seen the light of day in 30 years who might sell it if someone showed up willing to pay the right price (all cash, of course). Mellon could still be annoyed over the tunnel issues this month and then have something go his way next month and just say "how silly I was to want to get out... sh*t happens, but I'm over it now".
That said, from what little I have been able to ascertain, it is legit, and the only two Class Is showing serious interest are Canadian.