Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $35,139
43%  
Woo hoo!! And we're now over 43%!! Thank you all very much!! God bless.

Keyword: fecrr

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  • Florida East Coast Railway sold to Mexican transportation company

    03/29/2017 5:31:47 AM PDT · by Ray76 · 23 replies
    Jacksonville Daily Record ^ | Mar 28, 2017 | Mark Basch
    A Mexican transportation company Tuesday agreed to buy Florida East Coast Railway Holdings Corp. from the private equity group that acquired the historic railroad 10 years ago. GMéxico Transportes S.A. de C.V. (GMXT), a unit of Grupo Mexico, said it is buying FEC from funds management by Fortress Investment Group LLC in an all cash deal. The amount of the sale was not announced, but several news reports put the value of the deal at $2.1 billion. FEC is a 351-mile rail line running from Jacksonville to Miami The company did not say how the acquisition will affect operations of...