At seven o'clock on Monday morning, the international financial markets were rocked by an aggressive corporate broadside from Paris. EuroTransit Holdings, the multi-billion-dollar state-backed European logistics conglomerate, announced a surprise sixty-dollar-per-share unsolicited cash tender offer to acquire Midwest RailLink—the critical Chicago switching partner of the Horizon Consortium. Simultaneously, EuroTransit’s CEO, Philippe Laurent, published an open letter in the Financial Times accusing Vale Capital of suppressing technological competition and calling for…
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