Friday, July 31, 2020

Kansas City Southern Takeover On Track?!?

Special thanks to our readers who shares this biz note that's probably more important than most of the local news broadcast tonight . . . Read more:

WSJ News Exclusive | Private-Equity Firms Discuss Bid for Kansas City Southern

A group of big buyout investors is considering a takeover bid for railroad operator Kansas City Southern that could be worth more than $21 billion and mark a big bet on U.S.-Mexico trade. Blackstone Group Inc.'s infrastructure arm and Global Infrastructure Partners are together exploring a potential deal and speaking to banks including Citigroup Inc.

3 comments:

Anonymous said...

This is great! First DST Systems was bough out and they are history. Now their former parent company, which they spun off from, KCSI might go away. Long needed as both were racist and old white boy type firms. Sweatshops. Horrible KC area only management -they would never go to London or NYC to fund executives. They grossly overpaid their local executives, including Tommy - boy and the "blindtwitt" and the Ostermeir weinier in my opinion!

Anonymous said...

It's a drug pipeline play.

In 2016, Americans spent almost $150 billion on cocaine, heroin, methamphetamine, and marijuana, 50 percent more than in 2010. Meanwhile, growing use of synthetic opioids, including fentanyl, has led to a public health crisis. More than 90 percent of lethal drugs in the United States come from Mexico.

How are drugs smuggled into the United States?
Most illicit drugs are smuggled from Mexico into the United States through the more than three hundred ports of entry, or legal crossings, which are controlled by U.S. Customs and Border Protection (CBP). Traffickers hide or disguise drugs in passenger vehicles, tractor trailers, and, to a lesser extent, buses and cargo trains.

https://www.cfr.org/backgrounder/mexicos-drug-war

Anonymous said...

Oh yeah, KCSI and other railroads have brought tons of drugs into the USA. They could stop it. Train about 1,000 drug sniffing dogs. But they won't. They just let those drugs end up on our streets to kill people.