Fortress Transportation and Infrastructure Investors LLC Announces the Acquisition of Transtar, LLC from United States Steel Corporation
NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the Company) announced today that it has agreed to purchase United States Steel Corporation (USS)s rail operating subsidiary, Transtar, LLC (Transtar) for $640 million. The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions including receipt of certain regulatory approvals.
Fortress Transportation and Infrastructure Investors LLC Announces the Acquisition of Transtar, LLC from United States Steel Corporation
NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the Company) announced today that it has agreed to purchase United States Steel Corporation (USS)s rail operating subsidiary, Transtar, LLC (Transtar) for $640 million. The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions including receipt of certain regulatory approvals.