FEC acquisition wrapped up
Florida East Coast Industries said Friday the company's acquisition by a company formed for the purpose by the Fortress Investment Group has been officially completed, one day after shareholders approved the deal.
FECI shareholders are entitled to $62.50 per share in cash, and also received a special cash dividend on July 25 of $21.50 per share on all issued and outstanding common stock.
FECI, which includes the Florida East Coast Railway and a real estate investment arm, sold for $2.2 billion.
FEC acquisition wrapped up
