Unformatted text preview: 4. Analyze the structure of CSX’s offer for Conrail. (a) Why did CSX make a two-tiered offer? (b) Discuss the various anti-takeover measures included in the CSX-Conrail merger agreement (i.e., no-talk clause, poison pill, break-up fee, lock-up options). What implications do these provisions have for the cost of acquiring Conrail for other bidders (other than CSX)? 5. As a shareholder of Conrail, would you tender your shares to CSX at $92.50 in the first-stage offer? Why?...
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- Fall '11
- Finance, Class I railroad, CSX, CSX Transportation, surface Transportation Board, CONRAIL