Fortress mulls sale of Florida East Coast Railway - Bloomberg

• Fortress Investment Group (NYSE:FIG) took the coastal freight operator private in a $3.5B deal in 2007, and has hired Barclays and Morgan Stanley to explore options, write Ed Hammond and Kiel Porter at Bloomberg.
• Fortress later spun off the railway operations into a separate company, leaving the real estate, logistics, and telecom assets under the original parent umbrella.
• The news has sent FIG shooting 3.5% higher in the past few minutes.