Freightcorp in the ACT again.

Tom Jones (Tom.Jones@sawasdi.apana.org.au)
19 Feb 98 08:55:00 GMT

In a msg of <18 Feb 98>, Bob wrote to All:

B> The red hot roumour for this month is that Freightcorp are having talks
B> with a leading US Class 1 railroad about the possibility of a joint
B> partnership to take over NRC. The proposal is based on NSW already owns 40%
B> so they buy half the Victorian share. The Yanks buy the other 10% from
B> Kennett and 40% from little Johnny and there you have it! Now you may ask
B> yourself, why would the yanks want to get into bed with Freightcorp? Think
B> about it. It will soon become clear. Bob

The only thing wrong with this is that the NSW government would receive nothing for their share of NRC and then end up a minority shareholder with the new US owner?

Regards,

Tom

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