| Title: |
The Reincarnation Of Penn Central. |
| Authors: |
BLUSTEIN, PAUL |
| Source: |
Forbes; 5/1/1977, Vol. 119 Issue 9, p50-54, 4p |
| Subject Terms: |
CORPORATE reorganizations, BANKRUPTCY estate property, CORPORATE bankruptcy, BONDHOLDERS, RAILROAD finance, RAILROADS |
| Geographic Terms: |
UNITED States |
| Company/Entity: |
PENN Central Transportation Co. |
| Abstract: |
The article reports about a reorganization plan proposed by the trustees of U.S. railroad Penn Central Transportation Co. (PCTC) as of May 1977 after its 1971 bankruptcy. Provided are details about the plan, including the possibility for the emergency of a Reorganized Company operating some of PCTC's assets and its potential for future acquisitions. The value of PCTC bonds and the expected earnings of bondholders are also reviewed. INSET: Picking Over The Remains. |
| Database: |
Complementary Index |
