U.S.: Blackstone, GIP make takeover bid for Kansas City Southern

By Cara Lombardo, Miriam Gottfried, The Wall Street Journal, Fox Business News; September 3, 2020

A group of buyout investors has made a takeover offer for railroad operator Kansas City Southern, which has a market value of more than $18 billion, according to people familiar with the matter.

Blackstone Group Inc. and Global Infrastructure Partners submitted the bid after a previous approach was rebuffed, the people said. It is unclear whether Kansas City Southern will be receptive this time and details of the offer couldn’t be learned.

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