[Federal Register Volume 59, Number 204 (Monday, October 24, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-26265]
[[Page Unknown]]
[Federal Register: October 24, 1994]
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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32579 (Sub-No. 6)]1
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\1\A related consolidated application has been filed in Canadian
Pacific Limited, Canadian Pacific (U.S.) Holdings Inc., Soo Line
Corporation and Soo Line Railroad Company--Control--Davenport, Rock
Island and North Western Railway Company, Finance Docket No. 32579,
Burlington Northern Railroad Company--Acquisition--Certain Lines of
Davenport, Rock Island and North Western Railway Company, Finance
Docket No. 32579 (Sub-No. 1), Burlington Northern Railroad Company--
Acquisition--Certain Lines of Soo Line Railroad Company, Finance
Docket No. 32579 (Sub-No. 2), and Soo Line Railroad Company--
Acquisition--Certain Lines of Burlington Northern Railroad Company,
Finance Docket No. 32579 (Sub-No. 3). Also, two related notices of
exemption have been filed in Burlington Northern Railroad Company--
Trackage Rights Exemption--Soo Line Railroad Company, Finance Docket
No. 32579 (Sub-No. 4), and Soo Line Railroad Company--Trackage
Rights Exemption--Burlington Northern Railroad Company, Finance
Docket No. 32579 (Sub-No. 5).
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Soo Line Railroad Company--Merger Exemption--Davenport, Rock
Island and North Western Railway Company
Soo Line Railroad Company d/b/a CP Rail System (Soo) and the
Davenport, Rock Island and North Western Railway Company (DRI), filed a
notice of exemption to merge DRI into Soo, with Soo as the successor
corporation. DRI is jointly owned by Soo and Burlington Northern
Railroad Company (BN). Under the plan of merger, DRI will be eliminated
as a separate switching carrier and its functions will be transferred
to Soo and BN. The merger is contingent upon Soo's prior acquisition of
control of DRI, which is pending under Finance Docket No. 32579.
Although this exemption will become effective prior to the
Commission's approval of the consolidated application, consummation of
this transaction and all simultaneously filed transactions will occur
upon the effective date of the Commission's decision in Finance Docket
No. 32579 and (Sub-Nos. 1, 2, and 3).
The transaction involves the merger of companies within a corporate
family and is specifically exempted from the necessity of prior review
and approval under 49 CFR 1180.2(d)(3). The merger of DRI into Soo,
will occur only after DRI becomes a wholly owned subsidiary of Soo. The
merger will not result in adverse changes in service levels,
significant operational changes, or a change in the competitive balance
with carriers outside the corporate family.
To ensure that all employees who may be affected by the transaction
are given protection under 49 U.S.C. 10505(g)(2) and 11347, the labor
conditions set forth in New York Dock Ry.--Control--Brooklyn Eastern
Dist., 360 I.C.C. 60 (1979), are imposed.
Petitions to revoke the exemption under 49 U.S.C. 10505(d) may be
filed at any time. The filing of a petition to revoke will not stay the
transaction. Pleadings must be filed with the Commission and served on:
William C. Sippel, Two Prudential Plaza, 45th Floor, 180 North Stetson
Ave., Chicago, IL 60601.
Decided: October 13, 1994.
By the Commission, David M. Konschnik, Director, Office of
Proceedings.
Vernon A. Williams,
Acting Secretary.
[FR Doc. 94-26265 Filed 10-21-94; 8:45 am]
BILLING CODE 7035-01-P
