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From: TXLJ%CORNELLA.BITNET@ucb-vax.ARPA
Newsgroups: net.railroad
Subject: The selling of Conrail
Message-ID: <752@brl-smoke.ARPA>
Date: Fri, 7-Feb-86 20:35:49 EST
Article-I.D.: brl-smok.752
Posted: Fri Feb  7 20:35:49 1986
Date-Received: Tue, 11-Feb-86 06:07:28 EST
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I'm relatively new to this group and must have missed any
discussions on this topic. The Senate approved the sale of
Conrail to Norfolk Southern (54-39) on Tuesday. Norfolk
Southern was the recommended bidder from Sec. of Transp.
Elizabeth Dole out of a field of 15. Norfolk Southern has
offered to buy the Government's 85% of Conrail stock for
$1.2 billion. A group headed up by Morgan Stanley & Co
'vowed to continue its fight to buy the railroad and predicted
its prospects are better in the Democratic-controlled house.
The group includes NYNEX Corp. and Dreyfus Corp.'

This is quoted from DJ news retrieval. Can anyone tell me
what impact this would have? Can Conrail be run as is by
or just remove competition?

Dan