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In Brief
By Railway Gazette International1997-02-01T11:00:00
n On December 20 Conrail’s board of directors voted to reject Norfolk Southern’s hostile all-cash bid for the business, after it had been raised to US$10·5bn to match CSX’s improved cash and stock offer of US$9·35bn. Conrail shareholders were due to vote on January 17 on a proposal to ...
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