CSX Focuses On Two Major Projects, More Fluid Network
Introducing The Rising Stars Of 2025
From The Editor: Of Tariffs And A ‘Trade Storm’
Women of Influence in Rail eBook
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry
Stay updated on news, articles and information for the rail industry
railPrime
RAIL EMPLOYMENT & NOTICES
Rail News Home
M&A
Rail News: M&A
10/2/2003
Rail News: M&A
Majority of Mexrail shares back in TFM's hands
advertisement
On Sept. 30, TFM S.A. de C.V. repurchased 51 percent of Mexrail Inc. shares sold to Kansas City Southern in May.
Surface Transportation Board previously issued a decision finding the board did not need to rule on the transfer-back transaction.
Under the terms of an agreement reached with KCS in April, TFM retained the right to repurchase Mexrail shares for the original purchase price of $32.7 million. TFM used existing cash accounts to fund the repurchase.
Surface Transportation Board previously issued a decision finding the board did not need to rule on the transfer-back transaction.
Under the terms of an agreement reached with KCS in April, TFM retained the right to repurchase Mexrail shares for the original purchase price of $32.7 million. TFM used existing cash accounts to fund the repurchase.
