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Blackstone, GIP Offer To Buy $18.4B-Worth Railroad Operator Kansas City Southern

KSU) stock rose by 5.29% on Wednesday after a report by the Wall Street Journal suggested the company received a second takeover bid.” data-reactid=”19″ type=”text”>Kansas City Southern (NYSE: KSU) stock rose by 5.29% on Wednesday after a report by the Wall Street Journal suggested the company received a second takeover bid.

Blackstone Group Inc (NYSE: BX) and Global Infrastructure Partners have submitted a takeover bid to the North American railroad operator, according to the Journal. 
Although the terms are still unclear, the Journal reported that Morgan Stanley (NYSE: MS) is working with Kansas City Southern in reviewing the offer.” data-reactid=”21″ type=”text”>Blackstone Group Inc (NYSE: BX) and Global Infrastructure Partners have submitted a takeover bid to the North American railroad operator, according to the Journal. 

Although the terms are still unclear, the Journal reported that Morgan Stanley (NYSE: MS) is working with Kansas City Southern in reviewing the offer.

The growing trade tensions between U.S. and China could shift a lot of manufacturing bases from Asia to North America, Bloomberg noted earlier. In such a scenario, the freight railroad company could see a lot of growth opportunities.

Photo courtesy: John Allan via Wikimedia” data-reactid=”29″ type=”text”>Photo courtesy: John Allan via Wikimedia

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