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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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 competitive position
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INTERNAL MEMORANDUM TO: Norfolk Southern FROM: Date: October 15‚ 1996 Re: Regarding our 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
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the railroad industry‚ which resumed the mergers and acquisitions activity. The following analysis will investigate the economics of the offer for Consolidated Rail Corporation (Conrail) by CSX Corporation (CSX) and Norfolk Southern Corporation (Norfolk). The stand-alone bidders‚ CSX and Norfolk would value the target‚ Conrail‚ based on its fundamentals‚ however if both bidders are present they would enter price wars and legal battles‚ therefore this would inflate the offered price for the target. In
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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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Possibly the Best Fit‚ “Why” and “How” people buy All these novel applications offer customization to the buyers. More specifically‚ identify the benefits woven in the customization process in terms of “why” people buy. They can be those benefits already realized and the ones you would suggest to add. Customization delivers a sense of accomplishment and personal value along with the custom made product. 1) People buy to get emotional benefits to show off‚ to
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those you’ve seen in Gratiot County. Where you live in a little bit bigger of a city. Where you network. Where you figure out what you want to do with the rest of your life. Actually going to college‚ is very important. A fact that in many cases‚ like my own‚ is overlooked because of the money. Why pay so much more to go to a college when community colleges are so much cheaper? Is it really worth the tens of thousands of dollars worth of debt? For me‚ it really truly is. But I’m not going to just leave
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Why We Buy Introduction In an effort to discover why we buy‚ Paco Underhill set out a mission using video equipment‚ store maps and customer profile sheets to gather research. Once his business began to grow he founded a consulting firm‚ Envirosell‚ and began to discover over 900 aspects between the shopper and the store. Why We Buy‚ gets down to the basics of how retailers and consumers interact. Each chapter takes the reader through a series of important tactics to remember when being involved
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Why Should You Buy Designer ? Not everyone has the funds to purchase a $200 shirt or maybe a $400 pair of shoes‚ yet they can most likely have enough to afford a $1000 sound system with a matching $600 television to go with it. Clothing with expensive price tags and big names have always been seen as unnecessary and superficial‚ when in reality‚ covering yourself with garments is a basic necessity. Buying designer clothing brands should be supported because they don’t encourage cheap labour which
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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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