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  • SoftBank to acquire Fortress Investment Group

  • Discussion of present-day CM&Q operations, as well as discussion of predecessors Montreal, Maine & Atlantic Railway (MMA) and Bangor & Aroostook Railroad (BAR).
Discussion of present-day CM&Q operations, as well as discussion of predecessors Montreal, Maine & Atlantic Railway (MMA) and Bangor & Aroostook Railroad (BAR).

Moderator: MEC407

 #1421238  by MEC407
 
Fair-use quote from the article:
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.
. . .
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.