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Not Even a $23 Billion Buyout Is Rich Enough for a Railroad Anymore

Kansas City Southern rejected a $208-a-share offer from Blackstone Group Inc. and GIP that would have valued it at $23 billion.

Not Even a $23 Billion Buyout Is Rich Enough for a Railroad Anymore
Rail freight wagons at a potash mine in Canada.(Photographer: James MacDonald/Bloomberg)
(Bloomberg Businessweek) -- Even in the midst of a crisis, railroads don’t come cheap.
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