Kansas City Southern Industries finalizes MidSouth acquisition and announces organizational changes

Kansas City Southern Industries Inc. (KCSI) Thursday finalized the closing of the acquisition of the MidSouth Corp. (MidSouth). KCSI had previously been granted Interstate Commerce Commission approval of its application to acquire the MidSouth on June 4, 1993. MidSouth will continue to operate as a...

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Bibliographic Details
Published inBusiness Wire p. 1
Main Author Rowland, Landon H
Format Newsletter
LanguageEnglish
Published New York Business Wire 10.06.1993
Subjects
Acquisitions & mergers
Midwest
Transportation industry
Kansas City
MO
US
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Summary:Kansas City Southern Industries Inc. (KCSI) Thursday finalized the closing of the acquisition of the MidSouth Corp. (MidSouth). KCSI had previously been granted Interstate Commerce Commission approval of its application to acquire the MidSouth on June 4, 1993. MidSouth will continue to operate as a transportation division of KCSI. As a result of the acquisition, holders of MidSouth common stock will receive $20.50 per share in cash, subject to applicable withholding or backup withholding taxes, upon surrender of their stock certificates to United Missouri Bank of Kansas City, n.a. (excerpt)