|
|
Article: Providence and Worcester Railroad Company Announces Acquisition
- Article from:
- PR Newswire
- Article date:
- September 17, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
WORCESTER, Mass., Sept. 17 /PRNewswire/ -- Providence and Worcester Railroad Company (Amex: PWX) and Connecticut Central Railroad Company (CCCL) announced today that they have executed a letter of intent for the acquisition by P&W of all of the outstanding stock of CCCL. CCCL is a freight railroad with current operations over approximately 17 miles of rail properties owned by the State of Connecticut in and around Middletown, Connecticut pursuant to a long term agreement with the State. CCCL also possesses freight rights on a 12 mile line extending from Cromwell, CT to Hartford, CT which is currently out of service. In 1996 CCCL handled approximately l,100 carloads ...