Wisconsin Central Takeover bid

["Stuart Thyer" <s.thyer@anatomy.unimelb.edu.au>]

>From Railfan.com news section


Wisconsin Central
Former President and Founder Seeks to Regain Control
October 24, 2000

The ousted founder of Wisconsin Central Transportation Corporation, Edward
A. Burkhardt, is formulating a plan of attack to regain control of the 
corporation. Burkhardt is setting the stage for a proxy war that could spell
the end to regional giant, Wisconsin Central Railroad. Burkhardt filed his
takeover bid through filings with securities regulators on October 20th.

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The international operations - Wisconsin Central holds minority stakes in
formerly government-run railroads in Great Britain, New Zealand and
Australia - would be liquidated or spun off. "They're a disaster, every one
of them," Burkhardt said. "Minority holdings in a company dominated by
people who don't know how to run it." 
Since leaving Wisconsin Central, Burkhardt has formed a company, Rail World
Inc., that has bid to take over a government railroad in Estonia and is
advising a bidder on a government operation in western Australia.

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Stuart Thyer
Photographer
University of Melbourne