Synopses & Reviews
Synopsis
Excerpt from Railroad Operations: Report to the 1981 General Assembly of North Carolina 1982 Session
The committee is of the feeling that a return of approximately per year on an investment with a market value which might approach 960 million is inadequate.
Several options exist, including sale of stock for cash, exchange of securities or renegotiation of Operating leases, all of which can substantially increase income for the State.
The committee feels that before any serious negotiation can be undertaken, a competent and independent appraisal should be obtained.
With this appraisal in hand, negotiations to improve the State'sposition can begin. The committee wishes to see that minority stockholders receive the same benefits.
The results of the negotiation would be brought forward to the 1985 Session of the General Assembly for action, and to that end, the committee has one legislative proposal which is explained below and which appears as Appendix B.
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