Summary Conrail has received two acquisition bids from CSX and Norfolk Southern. Introduction Conrail and CSX‚ the nation’s first and third largest railroads‚ have decided to participate in a merger of equals. CSX has offered to acquire Conrail in a two tiered deal. The first 40% of tendered Conrail shares will be bought at a price of $92.50 while the remaining 60% will be acquired through a stock swap at a ratio of 1.8561921 (CSX:Conrail). In the midst of this offer‚ a hostile Bid comes in from
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Case Study for CSX Trisha Brown Averett University Jacksonville Florida based CSX Corporation‚ along with its subsidiaries leads as one of the top transportation providers. Services that CSX offers is traditional rail services and transportation of containers and trailers as well as trucking and logistics services. CSX was started 32 years ago as a result of the 3 major railway companies that consisted of Baltimore & Ohio (B&O)‚ Chesapeake & Ohio and Richmond‚ Fredericksburg
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1. What is CSX’s motive for buying Conrail? • Synergy effect with lower cost The merged company could consolidate overlapping operations and reduce cost. CSX estimated that cost reduction would yield an additional $370 million in annual operating income by the year 2000‚ net of merger costs. • Expansion of market share by extending railroad network Railroad industry is a mature market. The only option to grow is through acquisitions. In 1995‚ Conrail owned 29.4% of the Eastern rail
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survival and trying to maintain a good attitude as well as times of panic through it all. Different concepts from the chapter‚ which we discussed in class‚ can be compared to the different aspects that Mark Watney and the casting crew went through to make the Martian a hit it is today. The first concept to look at is the performance and effect concept.
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OFFER If a contract is a legally binding agreement‚ the first question to consider is the method by which the court ascertains whether a contract is to be formed. The offer must express the definite intention on the part of the person or organization making it (called “the offeror”) to enter into the contract with the person or organization to whom or which it is addressed (known as “the offeree”). An offer may be defined as a statement of willingness to contract on specified
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Tiered Service System Tiered service system is that system which creates a fire fighting in the organization‚ this service possess no structure and no system and is responsible for problems and the people are in stress and in the position of frustration. No‚ if I owned my own business I would not provide my customers with a tiered service system because it is known as everyday fighting in the organization. My primary focus would be to resolve the problems and make my customers happy and satisfied
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works of literature by women. During the 19th century‚ women began to publish works of literature that advocated for female independence. The short stories “The Two Offers‚” “The Story of an Hour‚” and “The Yellow Wallpaper” all embody the idea that women could eliminate their personal weaknesses by becoming independent. “The Two Offers‚” by Frances Ellen Watkins Harper strongly supports female independence. The story describes the life of
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they wanted to make a difference. The law was three years old‚ and still‚ people remained segregated. They wanted to challenge the people that were still disobeying the law. The Freedom Riders knew that they were going to provoke violence‚ but felt that it was worth it. Some people felt very strong about taking action to try and have everyone treated as equals. Some people didn’t feel this way. The ones who did chose to step out and put their own lives at risk to try to make a difference.
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C. Essay (1‚000 words) (10%) Title: Why Make Print? 1.Describe and analyze the development of Print media in local and global context. 2.Explore the relationship between art ideas and use of media. The written assignment should have accurate attributions from literature‚ and well organized and structured ideas. Introduction In the beginning printmaking was not considered to be an art form or a medium of communication.Print making is merely the reproduction of text or image.According
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Introduction Offer and Acceptance Introduction: For a contract to be legally binding there needs to be 4 ingredients: 1. Offer 2. Acceptance 3. Intention to create legal relations 4. Consideration Building on this‚ in order to prove that a contract is legally binding 5 things need to be proven: 1. That an agreement has been reached. This is usually done by demonstrating that one of the parties has made an offer which the other accepted. 2. The agreement has been
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