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Conrail to be broken up

By 1997-04-01T10:00:00

CONRAIL’s 17700 km network serving the northeast of the USA will be split between rival bidders CSX and Norfolk Southern, following the collapse of merger talks with CSX. Conrail officials confirmed on March 3 that the planned $9·4bn friendly merger had been defeated by a $10·5bn hostile offer from NS. ...

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