SoftBank to acquire Fortress Investment Group

[woodeen]

http://www.progressiverailroading.com/short_lines_regionals/news/SoftBank-to-acquire-Fortress-Investment-Group--50864

[MEC407]

Fair-use quote from the article:

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.