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(Buyout news) Mexico approves bid by KCS for TFM Railroad.
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The NAFTA road holding company name won't last very long. Even KCS's Mike Haverty has been frequently commenting that he figures that NAFTA road/KCS/TM/TFM will be entering negotiations to be taken over by BNSF within one year (two at the most) after the final consumation of the NAFTA road consolidation, in order to better "stick a thumb into UP's honeypot". It's not exactly been a secret. In fact, I'd probably be willing to bet money that UP's machinations behind the scenes probably contributed significantly towards all of the foot-dragging by the Segovia and Serrano families that so delayed the consumation of the previously agreed upon purchase of TFM/TM by KCS and the formation of the new NAFTA road.
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