The venerable Wall Street Journal has just landed another great scoop about Canadian Pacific Railway weighing a fresh counter $300 a share offer for Kansas City Southern, the US-listed railroad operator. Below is the link:
Betaville was casting around for stories today and stumbled around a curious line around the three-way battle for Signature Aviation, the London-listed private jet operator.
It would appear, according to publicly available financing documents, that Global Infrastructure Partners, one of the firms interested in buying Signature Aviation, is offering to finance its bid in, er, equity. Yes, you heard that right - equity to the tune of $4.6 billion...
Chuckles all round at Betaville towers as senior hacks at the Wall Street Journal backslap themselves for "breaking" the story about Global Insfrastructure Partners and Blackstone's attempt to buy US-listed railroad operator Kansas City Southern for over $20 billion...
I see The Wall Street Journal has just "broken" an "exclusive" story about Global Insfrastructure Partners and Blackstone attempting to purchase Kansas City Southern, the US-listed railroad transportation operator. Below is the link:
https://www.wsj.com/articles/private-equity-firms-discuss-bid-for-kansas-city-southern-11596223106..
I see the follow up coverage of yesterday's Gatwick airport sale announcement to France's Vinci has already triggered fevered speculation about what Global Infrastructrure Partners plans to do next.
Indeed, a throwaway paragraph at the end of a piece in The Times speculates about the possibility of GIP selling Edinburgh airport next year. Below is the link:..
Apologies for the lack of posts in the last few days. Betaville has been enjoying a few days of merrymaking and eating chocolate.
Anyway, on arriving back at my desk this morning I was presented with the news that Global Infrastructure Partners (GIP) and friends have sold some of their shareholdings in Gatwick airport to French firm Vinci for an estimated £2.9 billion...
Interesting story from rivals over Bloomberg about Global Infrastructure Partners looking to sell its stake in Gatwick Airport for I suspect quite a lot of money (think billions and billions). Below is a link: