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Non-Tech : Railroad industry: Freight railroads/rail supply companies
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To: 246810 who wrote (7)9/28/1998 7:46:00 PM
From: Tom Murray  Read Replies (1) of 13
 
The debt that KSU took on in order to complete its acquisition of a 38 percent interest in the Northeast railway in Mexico (now TFM) will stay with the railroad when the financial group is spun off. Management plans to do a stock offering after the spinoff in order to bring the railroad's debt/equity ratio into a range that Wall Street will consider reasonable. Tom Murray
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