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TasRail, ATN & Privatisation of NR & FC
- Subject: TasRail, ATN & Privatisation of NR & FC
- From: "KaMaK" <mckinnon@interact.net.au>
- Date: Sat, 11 Nov 2000 14:21:51 +1100
- Newsgroups: aus.rail
- Organization: an Asia Online client - http://www.asiaonline.net/
- Xref: bclass.spectrum.com.au aus.rail:24106
Further to my previous post see Trains Newswire
http://www.trains.com/news/Print.shtml
"Facing a proxy fight from founder and former CEO Ed Burkhardt, Wisconsin
Central's board of directors on November 3 announced it has hired an
investment banking firm to advise it on ways to boost shareholder
value--including sale of the company's assets, which include the Wisconsin
Central and railroads in Great Britain, Australia, and New Zealand. Goldman,
Sachs & Co. will be the company's financial adviser....
Speculation has centered on a sale of WC to Canadian National, which has
run-through agreements over WC between Superior and Chicago. In an
interesting twist, WC and CN share a major investor: Microsoft guru Bill
Gates, who owns 7.7 percent of WC and 5.2 percent of CN."