Kansas City Southern railroad chief executive Michael Haverty said the company has had no talks about being acquired in the months since Warren Buffett purchased rival Burlington Northern Santa Fe Corp., Dow Jones reported.
Shares of the railroad have soared by 45 percent since Buffett took over Burlington Northern in November, on speculation that it also would be the target of an acquisition.
"We're not in any discussions with anybody about being acquired, I can tell you that," Haverty told Dow Jones.
(This item was distributed March 4, 2010, by Dow Jones.)
KCS is a railroad that is hard to figure in to any advantage to either BNSF or UP. Both utilize the KCS for coal train deliveries. KCS has a good revenue base but nothing that is strategic for a merger or a takeover. They could keep on going on and making a good living without being a merger prospect railroad. It would have to be an eastern mega railroad like NS or CSX that would want to get involved. Big chance to take for either to take and what would be the victory? I see KCS living on as it is for years to come.
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If you are in a horror movie, you make bad decisions, its what you do.
I wonder if LINTCO might be looking that way? Running from Canadia tu Mehiko would make LINTCO a truely North American railey-road. After all, they did have maps of North America emblazoned on the sides of their locomotives for quite a while.
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Some people say I have a bad attitude. Those people are stupid.
