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Grupo Mexico to Acquire Florida East Coast Railway Holdings Corp

GMéxico Transportes S.A. de C.V. (GMXT), the transportation business unit of Grupo México, and the Florida East Coast Railway Holdings Corp (FEC) announced on March 28 that they have entered into an agreement under which GMXT will acquire FEC in an all cash transaction. The acquisition is expected to close subject to satisfaction of closing conditions including the receipt of applicable government approvals. “The acquisition of FEC is an important strategic ... [+]

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