Responding to 21st Century Financial Crisis Case Solution
The Virginia based company CSX, which boasts the largest railroad in the eastern US, announcesits plan to merge with the Pennsylvania based Consolidated Rail (Conrail), which boasts the third largest railroad in the eastern US. The deal, worth a whopping $8.3 million will take place on October 15, 1996. Many saw this as yet another example of the heightening inclination shown towards consolidation, aimed to change the playing field of the Eastern US railway market. Students, as investors, must determine whether to tender shares into the front end of a two-tiered acquisition offer. To make this choice, they must value Conrail as an acquisition target and comprehend the construction of the offer of CSX.
This is just an excerpt. This case is about GLOBAL BUSINESS
PUBLICATION DATE: April 13, 1998