Re: (erielack) Southern Tier lease

["Bill K." <pontiac_@_dreamscape.com>]

From http://www.rrb.gov/blaw/bcd/bcd02-32.html :


DOC was a publicly held company until October 4, 1997, when Walter G. Rich
purchased 80 percent of its common stock and the Norfolk Southern
Corporation and CSX Transportation acquired ten percent each. At the time of
the stock purchase, DOC had a substantial interest in the Toledo, Peoria,
and wholly owned the New York, Susquehanna and Western Railway (B.A. No.
3251). DOC sold its interest in the Toledo, Peoria to Rail America Services
Corporation effective August 31, 1999.



Rumor is NS and CSX financed Walter Rich's purchase to some degree, as
well - have not come across any sort of conformation of that to date.



As a side note, this document notes "Central New York Railroad Corporation"
as a subsidary of DOC but refers to a 1981 document.  Very little comes up
in searches on the company itself -



Bill K.


- ----- Original Message -----
From: "Paul R. Tupaczewski" <paultup_@_optonline.net>
To: "'Henry W Jarusik'" <hwjpa_@_fastem.com>; "'Bill K.'"
<pontiac_@_dreamscape.com>; <erielack@lists.railfan.net>
Sent: Monday, December 27, 2004 10:08 PM
Subject: RE: (erielack) Southern Tier lease


> > "My theory: Since the NYS&W is now owned 90% by NS+CSX, DO is
> > using..."
> >
> > When did this ownership change over from the original DO [I
> > recall it as Rich family???] stockholders?  I haven't kept up
> > on NYS&W, although I should've.
>
> I believe 3 years ago or thereabouts - NS, CSX and Walter Rich teamed up
to
> buy out all the DO stockholders (in a 45:45:10 split), and it is now a
> privately-held corporation.
>
> - Paul
>
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