Norfolk Southern Railway Company /
Cincinnati Southern Railway
Norfolk Southern Railway to buy Cincinnati Southern Railway assets
- Price
- $1.62bn
- Stage
- Agreement signed
- Seller
- Board of Trustees of the Cincinnati Southern Railway
What happened
Norfolk Southern Railway Company agreed to purchase the Cincinnati Southern Railway from the Board of Trustees of the Cincinnati Southern Railway. The transaction covers about 337 miles of railway line between Cincinnati, Ohio, and Chattanooga, Tennessee, along with associated property.
The cash purchase price is approximately $1.62 billion, subject to adjustments. The agreement's closing is subject to state law changes, voter approval in Cincinnati and regulatory approval from the Surface Transportation Board.
The source
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Norfolk Southern Railway to buy Cincinnati Southern Railway assets
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