You also accept that none of the aforementioned are under any obligation to take any action to resolve any dispute between you and an Auctioneer Sebae is not responsible for any typographical, pictorial or technical errors in information about Lots on the Site as provided by Auctioneers.
It faced tough competition from trucking, which had a dominant share of the total Northeast freight market. Making bids in a false name or with an invalid or stolen credit card is prohibited. Sebae may, in its entire discretion, refuse or remove bids where it suspects that bids contravene this prohibition.
Although Sebae will use best efforts to forward all bids, Sebae does not accept any responsibility for lost bids or problems with the recipient auctioneer's ability to process your bid. Need essay sample on Conrail Bidding.
Additional terms may be announced or modifications may be made as necessary and items may be removed prior to any bids being received at the auctioneer's discretion. Norfolk Southern, on the other hand, lacked access to the Northeast market, would be less able to service long-haul routes from either the South or Midwest.
Secondly, in the shorter-haul routes between the Midwest and the South, CSX-Conrail would become more competitive through cost reduction. At the moment, Conrail is the least efficient railroad in the East. Moreover, Sebae cannot guarantee that bids received will be processed by the individual auctioneers.
It was clear that if CSX does not act now, Norfolk is likely to acquire or cooperate with Conrail sooner or later. By placing a bid you are entering into a legally binding and enforceable contract.
Why does CSX want to buy Conrail. How much is Conrail worth. If you have a dispute with an Auctioneer or another user of the Service with regard to the sale or non-sale of any Lot you agree that Sebae, its officers, agents, employees will not be liable for losses including, but not limited to, loss of profits, special loss, indirect loss and consequential loscosts, damages, liabilities, claims, demands and expenses of any kind arising out of or connected with such dispute.
The valuation ranges under each valuation method were presented in the table below: Bids will be taken with the understanding that the bidder will honor their winning bid with sufficient funds including all applicable taxes and fees. This information is obtained to deter defunct bidding.
Or for the failure of any affiliates, employees, agents, representatives, or contractors of the Online Auction Platform Provider to perform their obligations.
Each bid carries the computer coding of the Internet provider which allows the individual user to be traced and Sebae may at its discretion release this information to enable legal action to be taken.
Sebae does not evaluate Lots and does not act as a specialist or expert on any related subject matter. You must be at least 18 years old to bid Third party shippers must present your paid invoice before items will be released.
If a bid on any item is received within three minutes of close, that item will automatically extend for three minutes. Many museum quality items.
The closing of some items may be extended in the event of last minute bidding.
Bidding Increments are used in all of our auctions. You may avoid storage fees by paying for your items by the payment deadline, and notifying us by the removal deadline that you wish to abandon your items. Without limiting the foregoing, our services are not available to children persons under the age of 18 or to temporarily or indefinitely suspended members.
Sniping doesn't work with the "soft close" system. If a Conrail-Norfolk Southern merger went through, CSX's Jacksonville operation would be expected to remain unchanged. The Norfolk Southern bid for Conrail is "a superior offer,". Oct 24, · Opening a multibillion-dollar bidding war to be the dominant rail freight company east of the Mississippi, the Norfolk Southern Corporation offered yesterday to pay $ billion for Conrail Inc.
In a bidding war for Conrail, who should be willing to pay more, Norfolk Southern or CSX? In order to answer the question, follow these steps: (a) Estimate the value of net synergies (using the WACC method of valuation) that would result from a CSX-Conrail merger and a.
In a bidding war, who should be willing to pay more, Norfolk Southern or CSX? The valuation ranges under each valuation method were presented in the table below: Again, under the bidding war, it is likely that either CSX or Norfolk would get Conrail.
Apr 16, · He is coordinating the railroad's efforts to carry out its plan. It would buy the portion of the track that Conrail owns in the two states and would lease the rest, as Conrail now does. Oct 24, · Opening a multibillion-dollar bidding war to be the dominant rail freight company east of the Mississippi, the Norfolk Southern Corporation offered yesterday to pay $ billion for Conrail Inc.Conrail bidding