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Article: ANALYSTS SAY NORFOLK SOUTHERN'S BID IS ATTRACTIVE.(FRONT)
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- October 24, 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
CSX may have dismissed Norfolk Southern's offer for Conrail on Wednesday as a ``non-bid,'' but most observers don't think it will be that easy.
Norfolk Southern Corp. has a very good chance to win the war for Conrail Inc. and its attractive rail connections in the Northeast, rail stock analysts said.
Norfolk Southern's offer is not only bigger than CSX Corp.'s, they said, but it would result in greater competition for rail freight east of the Mississippi River, which makes it attractive for regulators and shippers. ``It's a better offer because it carries less regulatory risk and is less likely to anger shippers,'' said ...