Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

This Railroad Is No Longer A Sideline


Top of the News

THIS RAILROAD IS NO LONGER A SIDELINE

What synergy is there between trains and mutual funds? Not much, Kansas City Southern Industries admitted on July 19, when it agreed to sell its century-old railroad to focus on financial services. Pending IRS and Interstate Commerce Commission approvals, Kansas City Southern Railway will be sold to Illinois Central for $1.6 billion in stock and debt, creating the nation's eighth-largest railroad in revenues. The sale would leave the parent company owning Janus Capital, adviser to the $22 billion Janus Funds, and DST Systems, the leading record-keeper for the mutual-fund industry.EDITED BY KATHLEEN MADIGAN


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus