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KSU

Kansas City Southern

$153.51 /

-3.17 (-2.02%)

, BX

Blackstone

$53.12 /

-0.82 (-1.52%)

15:29
07/31/20
07/31
15:29
07/31/20
15:29

Kansas City Southern jumps after WSJ says PE firms discussing bid

Shares of Kansas City Southern (KSU) jumped after the Wall Street Journal reported that Blackstone Group (BX) and Global Infrastructure Partners are considering a takeover bid for the railroad operator that could be worth more than $21B. The private equity firms are speaking to banks including Citigroup (C) about financing, Cara Lombardo and Miriam Gottfried report, citing people familiar with the matter. However, the roughly $15B equity check that could be required for a deal "would pose significant hurdles" for Blackstone and GIP, they add. The bid being discussed would likely include about $6.5B worth of debt financing, sources told the Journal. Shares of Kansas City Southern are up 14% to $178.85 following the report.

KSU

Kansas City Southern

$153.51 /

-3.17 (-2.02%)

BX

Blackstone

$53.12 /

-0.82 (-1.52%)

C

Citi

$49.78 /

-0.07 (-0.14%)

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KSU Kansas City Southern
$153.51 /

-3.17 (-2.02%)

07/20/20 Credit Suisse
Kansas City Southern price target raised to $175 from $164 at Credit Suisse
07/15/20 Barclays
Kansas City Southern price target raised to $150 from $142 at Barclays
06/03/20 BMO Capital
Kansas City Southern price target raised to $158 from $145 at BMO Capital
04/20/20 Credit Suisse
Kansas City Southern price target raised to $149 from $144 at Credit Suisse
BX Blackstone
$53.12 /

-0.82 (-1.52%)

06/25/20
Fly Intel: Top five analyst initiations
06/25/20 UBS
Blackstone initiated with a Buy at UBS
06/08/20 Citi
Citi downgrades Alternative Asset Managers to Market Weight, lowers four ratings
06/08/20 Citi
Blackstone downgraded to Neutral from Buy at Citi
C Citi
$49.78 /

-0.07 (-0.14%)

07/20/20 Berenberg
Citi price target raised to $65 from $50 at Berenberg
07/17/20 Odeon Capital
Citi downgraded to Hold from Buy at Odeon Capital
07/15/20 BMO Capital
Citi price target raised to $87 from $82 at BMO Capital
07/15/20 Oppenheimer
Citi price target lowered to $101 from $106 at Oppenheimer

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