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Merger Plan Spurs Debate On Railroad Consolidation; Union, Southern Pacific Bid Under Attack
From:
The Washington Post
| Date:
October 21, 1995| Author:
Don Phillips
| Copyright 1995 The Washington Post. This material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post.Copyright information
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The proposed merger of the Union Pacific and Southern Pacific
railroads has drawn Congress, the Clinton administration, railroads,
organized labor and much of U.S. manufacturing into a strenuous
debate over whether too much power is being placed in too few hands.
The outcome is expected not only to determine the shape of
railroading in the West, but also to influence railroads in the East,
where Norfolk Southern and CSX are interested in acquiring all or
part of Conrail, and ultimately...
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Union Pacific Railroad, Critics Canvass Texas in Public-Relations Push.
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; Knight Ridder/Tribune Business News Aug. 19--The guns of August are firing ... over four major cities and encompass one news conference, five briefings for editorial ... editors and reporters at The Dallas Morning News. On Wednesday, coalition leaders will convene ...
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Union Pacific Merger's Approval Reduces Texas to Two Railroads.(Originated from Austin American-Statesman, Texas)
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; ... expect to see more 18-wheelers on Texas highways, Matthews said. The board, he said, had treated Texas in a cavalier manner. At a news conference, Lewis said he believed what the Railroad Commission really wanted was to re-regulate the railroads. Texas is going ...
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USPCI JOINS LARGE, VARIED FAMILY OF SUBSIDIARIES AT UNION PACIFIC
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; With the completion of a tender offer by Union Pacific Corp., Oklahoma City-based USPCI Inc. - one of the leading companies involved in the disposal of hazardous waste - joins a company with a long and varied background. At the same time, it provides Union Pacific with a subsidiary on the cutting
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Railroad Officials Lobby on Union Pacific-Southern Pacific Merger.(Originated from Austin American-Statesman, Texas)
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; Mar. 26--Top executives of the Union Pacific and Kansas City Southern railroads lobbied state officials Monday on the eve of a vote on the proposed merger of the Union Pacific and Southern Pacific railroads. The three-member Texas Railroad Commission will vote today on whether to recommend approval
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UNION PACIFIC RENEWS BID FOR USPCI
The Journal Record
; Union Pacific Corp. of New York renewed its efforts Thursday to acquire Oklahoma City-based USPCI Inc. by offering to acquire any of the 14.1 million outstanding shares of the company for $25 per share in a $352 million takeover attempt. Union Pacific also initiated federal court proceedings in
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UNION PACIFIC CONSOLIDATES ITS CONTROL OVER USPCI INC.
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; the USPCI Inc. board of directors, Union Pacific has consolidated its control over the Oklahoma City hazardous waste disposal company, control that Union Pacific has been trying very hard to get for the past two years or more. Union Pacific has studied and participated in the disposal business for
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UNION PACIFIC, USPCI OFFICIALS MET BEFORE OFFERING
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; In 1985, before the consummation of the initial public offering for USPCI Inc.'s stock, the firm's two top officials met with Union Pacific Corp. officials to determine if Union Pacific wanted to invest its pension plan in USPCI, according to documents filed relating to Union Pacific's attempted
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Union Pacific Railroad Gives Itself One Month to Improve.
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