Kansas City Southern (NYSE: KSU) is reportedly the target of an unsolicited buyout offer from a group of investors including The Blackstone Group (NYSE: BX), shining a spotlight on the railroad company with strong ties to cross-border trade with Mexico.
The Wall Street Journal reported on Wednesday that a consortium including Blackstone and Global Infrastructure Partners has submitted a sweetened bid for Kansas City Southern after an earlier attempt was rebuffed by the company. Terms of the offer were not known, but the Journal had reported in July that a group including Blackstone was weighing making an offer that would have valued Kansas City Southern at about $20 billion.
Image source: Kansas City Southern.