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Western Railroad Discussion > Blackstone preparing a bid for Kansas City southernDate: 07/31/20 17:19 Blackstone preparing a bid for Kansas City southern Author: green Being reported in tonight's Wall Street journal Blackstone is going to make an offer for Kansas City southern.
https://www.wsj.com/articles/private-equity-firms-discuss-bid-for-kansas-city-southern-11596223106? Date: 07/31/20 20:02 Re: Blackstone preparing a bid for Kansas City southern Author: highgreengraphics Isn't Blackstone the same outfit that screwed up C&NW, milking its assets and selling the shell to UP? === === = === JLH
Date: 07/31/20 21:09 Re: Blackstone preparing a bid for Kansas City southern Author: brc600 highgreengraphics Wrote:
------------------------------------------------------- > Isn't Blackstone the same outfit that screwed up > C&NW, milking its assets and selling the shell to > UP? === === = === JLH I've never known Blackstone and related groups to be good. UP Accounting Dept people claimed that C&NW was cashless when UP purchased them. Date: 07/31/20 21:11 Re: Blackstone preparing a bid for Kansas City southern Author: brc600 Private equity usally results in cannibalization. Buy KCS and sell it to UP-BNSF joint company?
green Wrote: ------------------------------------------------------- > Being reported in tonight's Wall Street journal > Blackstone is going to make an offer for Kansas > City southern. > > https://www.wsj.com/articles/private-equity-firms- > discuss-bid-for-kansas-city-southern-11596223106? Date: 08/01/20 16:07 Re: Blackstone preparing a bid for Kansas City southern Author: junctiontower highgreengraphics Wrote:
------------------------------------------------------- > Isn't Blackstone the same outfit that screwed up > C&NW, milking its assets and selling the shell to > UP? === === = === JLH I believe Blackstone (and UP) are the ones that saved the C&NW from being dismantled piece by piece by some OTHER corporate raider. Ultimately, UP had acquired enough of an interest in C&NW that once they decided to finish the deal, there was little that C&NW and Blackstone could do about it. Date: 08/02/20 11:47 Re: Blackstone preparing a bid for Kansas City southern Author: wabash2800 |