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Article: "THERE IS NO REASON NORFOLK SOUTHERN SHOULDN'T BUY THIS RAILROAD" DISCUSSIONS WITH FLORIDA EAST COAST HAVE TAKEN PLACE.(BUSINESS)
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- February 28, 1996
- Author:
CopyrightCOPYRIGHT 1996 The Virginian Pilot-Ledger Star. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. 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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Byline: CHRISTOPHER DINSMORE, STAFF WRITER
Norfolk Southern Corp. has talked about buying the Florida East Coast Railway with the tiny railroad's owner, a Florida East Coast executive said.
Florida East Coast Industries Inc. has had ``very preliminary discussions'' with Norfolk Southern, C.F. Zellers Jr., president and chief operating officer of the Jacksonville, Fla.-based holding company told The Wall Street Journal.
``We have had a lot of discussions with Florida East Coast about strategic alliances,'' Norfolk Southern spokesman Bob Fort said Tuesday.
Fort wouldn't characterize the discussions as merger and acquisition talks and he ...