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Consolidated Rail Corporation was acquired by CSX Corporation in a $8.3 billion merger in 1996, which would create the second largest rail system in the United States and the largest east of the Mississippi River. The railroad industry had been declining since 1870 due to increased competition from trucks and other modes of transportation, but this merger combined the operations of two major rail companies in an attempt to improve efficiency and profitability.
New microsoft office power point presentation
- 1. Case analysis On The Acquisition of Consolidated Rail Corporation (A & B)
- 2. Name ID Md. Kutub uddin Tanvir 14-025 Md. Biplob Tarafder 14-035 Sumit chowdhury 14-111 Md. Raihan Robin 14-117 Santu Kundu 14-153
- 3. This case is about the merger between two largest rail corporation (Consolidated Rail Corporation & CSX Corporation) in USA in the year of 1996. This was about the $8.3 billion valued merger. This combination would create the second largest rail system in the USA & by far the largest rail system east of the Mississippi River. Though the rail road industry was profitable in early 1800,but after 1870 it was going down due to: