by MEC407
From Progressive Railroading:
Progressive Railroading wrote:Fortress Investment Group, the parent of Florida East Coast Railway (FECR) and TRAC Intermodal, is being acquired by SoftBank Group Corp. (SBG) of Japan for $3.3 billion in cash, the companies announced this week.Read the rest of the article at: http://www.progressiverailroading.com/s ... oup--50864" onclick="window.open(this.href);return false;
. . .
What the acquisition might mean for FECR is not yet clear. Last fall, Fortress was reported by Bloomberg to be exploring a sale of the railway, which it acquired in 2007.
MEC407
Moderator:
Pan Am Railways — Boston & Maine/Maine Central — Delaware & Hudson
Central Maine & Quebec/Montreal, Maine & Atlantic/Bangor & Aroostook
Providence & Worcester — New England — GE Locomotives
Moderator:
Pan Am Railways — Boston & Maine/Maine Central — Delaware & Hudson
Central Maine & Quebec/Montreal, Maine & Atlantic/Bangor & Aroostook
Providence & Worcester — New England — GE Locomotives