-Caveat Lector- (*Editors Note | CSX was run by CEO John Snow until last week, when Snow was tapped to replace Paul O'Neill as the Treasury Secretary by the Bush administration. The Carlyle Group is an incredibly powerful multinational corporation that enjoys senior advisors like George Herbert Walker Bush and James Bazker III. Now, CSX and Carlyle have joined. The same names seem to keep popping up in all sorts of interesting places. - wrp)
Carlyle Group Buys Chunk of CSX By William Spain CBS.MarketWatch.com Tuesday, 17 December, 2002 A private equity group with interests in everything from soda pop to self- propelled guns has nipped off a piece of CSX. After the bell Tuesday, transportation giant CSX announced that it would sell a majority stake in its domestic container shipping unit -- CSX Lines -- to the Carlyle Group for approximately $240 million in cash and $60 million in securities. The deal, subject to regulatory approval, is expected to close in the first quarter of 2003. According to Michael Ward, CSX president, "completion of this transaction is consistent with our long-stated strategy of becoming a more rail-based organization, strengthens our balance sheet and provides shareholders with significant value." CSX Lines, which moves goods between the continental United States and Alaska, Hawaii, Guam and Puerto Rico, accounted for about 8 percent of the company's $8 billion in revenues last year. Shares of CSX (CSX: news, chart, profile) closed up 20 cents at $29.35 Tuesday. The sale comes just days after CSX CEO John Snow was tapped by the White House to be the new Secretary of the Treasury. The Carlyle Group is headed by Frank Carlucci, former secretary of defense in the Reagan administration. Other prominent players at the private global investment firm include William E. Kennard, former FCC chairman, Arthur Levitt, former SEC chairman, James Baker, III, former secretary of state, and John Major, former prime minister of Great Britain. Former president Bush has also lobbied Saudi Arabia on behalf of Carlyle Group. (In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.) © : t r u t h o u t 2002 -------------------------------------- Steve Wingate, Webmaster ANOMALOUS IMAGES AND UFO FILES http://www.anomalous-images.com Latest Update: Cydonia in 3-D http://www.anomalous-images.com/Odyssey/Cydonia_3-d.html <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html";>Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/";>ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
