Acquisition of Consolidated Rail Corp A Case Solution
On October 15, 1996, Virginia-based CSX and Pennsylvania-based Consolidated Rail (Conrail), the first and third biggest railways in the eastern United States, reported their expectation to converge in a benevolent arrangement worth $8.3 billion. This arrangement was a piece of an all inclusive pattern toward solidification and guaranteed to change the aggressive elements of the Eastern rail advertise. Understudies, as shareholders, must choose whether to delicate shares into the front-end of a two-layered obtaining offer. To settle on this choice, they should esteem Conrail as an obtaining target and comprehend the structure of CSX's offer.
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