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C&O Offers Exchange for B&O Shares in Tight Carveout
Chesapeake & Ohio directors propose exchanging more C&O stock for Baltimore & Ohio stock and paying a dividend to B&O shareholders. About 55 percent of B&O is already tendered. Exchange becomes binding if C&O holds over 50 percent after 30 days from Jan 3. ICC approval still required.
MENTIONED IN THIS ARTICLE
Cleveland (Ap
Chesapeake & Ohio Railway Co
Baltimore & Ohio Railroad Co
C&o
B&o
C&co
C&o Common
B&o Common
Interstate Commerce Commission
New York Central
Acion
Walter J. Tuohy
ICC