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NS and CSX settle Conrail carve-up
By Railway Gazette International1997-05-01T10:00:00
A FORMAL agreement to divide Conrail between Norfolk Southern and CSX was unveiled on April 8. The two companies will drop litigation against each other and form a jointly-owned entity to buy the remaining Conrail shares for $115 each in cash. NS will take a 58% stake for $5·9bn and ...
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