Acquisition of Consolidated Rail Corp Part A 1.) On October 15‚ 1996‚ CSX Corporation (CSX) then ranked as the number one railroad in the Eastern United States and Consolidated Rail Corporation (Conrail) then ranked as the third largest railroad in the Eastern United States‚ announced the intent to undergo a friendly merger via a two-tiered transaction with an estimated value of $8.4 billion. During the 1980’s a trend towards the consolidation of railroad firms began as a result
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1 The Acquisition of Consolidated Rail Corporation 1. CSX wanted to merge with Conrail‚ because the consolidated company would have more than $8.5 billion in rail revenue and almost 70 % of the Eastern market. Gain in Operating Income from Cost Reduction would bring additional $370 million by the year 2000. Total gain from revenue increase would result in additional $180 million. And from the operating income would reach $550 million. Another important point in CSX-Conrail merger is the better
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Hostile Bid for Conrail Rail Corporation Today‚ CSX Corporation(CSX) and Consolidated Rail Corporation (Conrail) announced an $8.3 billion merger‚ the first and third largest railroads in the Eastern United States. This merger would create the second largest rail system in the United States in the United states‚ and the largest rail system east of the Mississippi river by far. This merger has huge implication for the nations transportation and shipping industry‚ and especially will have a significant
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Question 1 Railroading industry overview: The Railroad revolution in the United States began in the early 1800s. The developed infrastructure was used for freight transportation business. In the mid-1800s the industry experienced explosive growth‚ followed by significant consolidation in 1870. The rail road companies initiated expansion through acquisitions in attempt to reduce marginal costs and increase their market share. As a result of this competition‚ a number of cartels were formed; therefore
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WHY WE BUY: THE PSYCHOLOGY OF SPENDING Why We Buy Tab le of Contents America – Spenders‚ Inc. Resource Management Who’s Pushing Your Buttons? Your Money Personality Spend on Saving Control Spending Know Yourself Appendix A – How Do You Manage Your Money? Appendix B – Instead of Shopping… 1 2 3 5 6 7 8 10 12 1 Why We Buy AMERICA – SPENDERS‚ INC. W hy we buy is a difficult question to answer. But‚ we have to start somewhere. Spending behavior is complex and many of us have never
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The Price of Progress: How Much are We Willing to Pay? In this day and age‚ various terms associated with economic development came about as means of measuring the well-being of each individual in the society such as per capita income‚ gross domestic product (GDP)‚ gross national product (GNP)‚ unemployment rate‚ literacy rate‚ and many more. The emergence of these terminologies is due to the consideration of government planners of each nation to make a step forward to reach economic development
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In this speech that Calpurnia gives to caesar she is very clear she doesn’t want him to leave. She makes the claim that since there is bad things she’s heard today and that that means that there is likely something bad that’s going to happen to him. She uses claim of policy to try to persuade him to stay in. By bringing up the fact that the watchmen had seen such horrifying things she was able to make him feel nervous‚ she was very careful in her description to prey upon things that would definitely
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Why do many cars have a gearbox? Introduction Gearbox is an enclosed system of assembled gears that transmits mechanical energy from a prime mover to an output device. A gearbox can also change the speed‚ direction‚ or torque of mechanical energy.[1] Gearbox was invented in the 19th century and it is still being widely used today. In the early age and in some part of the world‚ gearbox is also known as transmission. Merriam-Webster defines transmission as: an assembly of parts including the speed-changing
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first place we have to see in general why people buy ice creams‚ and what value it has to them this type of product and then we have to analyze the different types of markets because the reasons will change accordingly with the type of (children or adults‚ for example) and product (premium or not‚ for example). So basically the answer to this question is that the reason why consumers buy an ice cream depend of some variable factors that I will try to explain here. Consumers just buy a product because
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world lives on less than 10 dollars a day. 1% of the richest people in the world makes 15 times more money of 70% of the poorest people in the world. Why does the world have so much inequality? The foundation of inequality is geography. Geography is what controls the climate and what they can grow depends on the climate the crops they grow can help them domesticate animals. Together good crops and good domesticated animals will add a food surplus which makes the civilization develop faster. As Maslow’s
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