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WRONG!!!!!!!!!! If both companies are no longer publically traded, but privately owned, no okay by the STB is needed. Privately owned companies,( not stocked traded publically) are not subject to the same sales laws. Once the companies are removed from the stock exchange they are not open to public scrutiny, that's why privately owned companies do not have to publically report earnings, except to the IRS for taxing purposes. Go to a person who owns a company, and demand to see his books, and
Correct, a supplier has the right to demand proof of financial capability, government has the right to inspect for safety or enviormental issues. If you want an operational loan from a bank, again financial responsibility must be established. RMW the key word inyour response section 1, is corporation. If an individual buys XYZ rr and holds it as a private company, he need not incorporate. and therein lies the out. R. Staller
My point was, if Bill Gates, as an individual buys up NS, then decides to sell it, as a privately owned company(owned by Bill Gates, not MSN) there needs to be no approval by the STB to okay the sale. A privately owned company can be bought and sold on a whim. As a merger or acquistion by another rr, investigation is conducted by the STB to insure competion fairness, and give all concerned companies/individuals/etc the right to air those concerns pubically, and to okay or deny the sale/merger/acquistion
I don't like the idea of Buffet owning BNSF entirely. Look at the trouble CSX has had with their investor, Children's Fund or whatever it's called. Diverse ownership keeps corporate raiders from raping companies and walking. I would hope BNSF employees wise up quickly and start taking any legal steps needed to protect their interests in the company. Also if Bill Gates, decides to buy, oh lest say for the sake of argument, NS, then decides to sell it to Buffet, no permission is needed
Was sitting at the Nordson Dep. in Amherst Oh. last night watching NS on The Water Level Route, saw 1 go by with NS's about 8:45 pm. R. Staller
Anyone have a link for ME's website? R. Staller
Many Thanks foe the link. R. Staller
Agreed, I'm looking for a 4-4-2 in NKP colors, or black unlettered. Can't find one, even on E-Bay. R. Staller
Don't know if anyone else noticed, but the latest issue of Trains had no artwork by Diane Segal. I've become used to looking at her renderings over the past few years. I'll miss them. R. Staller
I would imagine with the new computer controls, the locomotive builders can more than likely control that problem. R. Staller
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