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Article: Sea-Land Corp. confirms plan to acquire certain assets of United States Lines Inc.
- Article from:
- PR Newswire
- Article date:
- March 27, 1987
CopyrightCOPYRIGHT 1987 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)
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MENLO PARK, N.J., March 27 /PRNewswire/ -- Sea-Land Corporation today confirmed its intention to acquire nine containerships and other assets, including subsidy contracts and shoreside facilities, from United States Lines Inc. and United States Lines (S.A.) Inc.
The CSX Corporation unit said the transaction is expressly conditioned upon several specific requests for regulatory approvals now under consideration by the Maritime Administration of the Department of Transportation. It is also subject to final agreement of creditors, the approval of the appropriate ...