Looking to get on the right track, Wisconsin Central Transportation Corp. has retained Goldman Sachs to explore strategic alternatives, including a sale of the company. And though the $760 million market cap company could see a sale, one analyst believes a takeout price might not be very high. The Nov. 3 announcement was welcomed by the Street, as Wisconsin’s stock moved up by nearly 4% before closing at $15.50. At press time, the stock traded at $14.18. Wisconsin’s decision to explore alternatives comes at a time when Ed Burkhardt, the founder and former chief executive officer, has launched a proxy fight against the company. Burkhardt was ousted from the company in July 1999.
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