Join the discussion on the following article:
Watco to acquire 31 terminals from Kinder Morgan, names two senior vice presidents
Interesting. In late 2010, Kinder Morgan and Watco announced a deal in which KM would invest $150M in Watco in return for gaining “a preferred equity position in the rail transportation company.”
http://news.kindermorgan.com/press-release/all/kinder-morgan-announces-equity-investment-watco-companies
(mirrored: http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=2KD:GR&sid=azvJvh_i4kgw)
The next WATCO headline will be “WATCO sells interests to G&W for $1 billion”. That is of course assuming Corman doesn’t beat them. The class 1 mergers are history. Shortline holding companies are the new victims and G&W is the undisputed king. Class 1s will be negotiating with G&W to buy back now profitable lines from the shortline powerhouse for insanely high prices. CN will be the leader on this front, as they have bottomless pockets. Let’s give it 10 years and see what happens. Wage wise, I may end up a Canadian working in the US. My wallet constantly reminds me! Go CN and G&W! Momma needs even more new shoes!