is union pacfic buying all of csx stocks?

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is union pacfic buying all of csx stocks?

wondering if union pacfic railroad is buying out csx railroad?

2007-01-26 14:08:07 · 2 answers · asked by Anonymous in Cars & Transportation ➔ Rail

2 answers

The interstate commerce commission would have to approve any buyout, to prevent a monopoly. At one time UP and CSXT, I believe, were going to merge but the ICC said no.

KCS would be the most vulnerable class 1 railroad but due to their excessive debt it would not be feasible for any railroad to buy them out.

2007-01-27 03:37:48 · answer #1 · answered by e.sillery 5 · 0⤊ 0⤋

that would be one H 3|_ |_ of a buyout. i dont theink either company has the assets to overcome the other

2007-01-26 16:25:16 · answer #2 · answered by JBC 3 · 0⤊ 0⤋