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Rail merger hinges on Pennsylvania divestment condition
The ICC authorized a N&W, Wabash, and Nickel Plate consolidation but tied it to Pennsylvania Railway divesting its Pennsylvania stock within 40 days. If the divestiture is not notified by Sept. 19, the deal is deemed refused and may be postponed. The plan would create a 7450 mile system from the Great Lakes to the East Coast, with further rulings not expected until mid-1985.
MENTIONED IN THIS ARTICLE
Washington
Norfolk & Western
Nickel Plate
Pennsylvania
Interstate Commerce Commission
N&w
Wabash
ICC
New Jersey
Warbash
Great Lakes
Pennsylvania Railroad
New York Central
Ula