SoftBank to acquire Fortress Investment Group

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woodeen
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SoftBank to acquire Fortress Investment Group

Post by woodeen » Fri Feb 17, 2017 10:05 am


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MEC407
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Re: SoftBank to acquire Fortress Investment Group

Post by MEC407 » Mon Feb 20, 2017 12:58 pm

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.
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