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PC: Re: Irony



I thought PRR owned a controlling percentage in the NKP and the Wabash,
when they sold it as required for the PC merger that was what allowed the
N&W to absorb both roads.

Bill K.

----------
> From: Evil Mike <evillmike -AT- hotmail.com>
> To: penn-central -AT- smellycat.com
> Subject: PC: Irony
> Date: Tuesday, June 01, 1999 8:42 AM
> 
> Don't forget that back in the day the PC owned 1/3 of the Norfolk and 
> Western.  They were forced to divest their interests in other RR's during

> the bailout.  Now 25 years later N&W, now NS, has turned the tables and
has 
> bought about 50% of the PC.  Who knows, if the PC had operated better or
if 
> the govt. had just thrown $$$ at it untill it became solvent again
instead 
> of the Conrail thing they might have been the ones involved in a takeover
or 
> split up of NS.  Anyone interested in a little time travel?
> 
> 
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