The Erie Lackawanna existed only for sixteen years, from 1960 until 1976, but the events leading up to the E-L merger as well as those following the railroad's demise illustrate, as the author suggests, ".
While Chapter 4 discusses the potential benefits of the E-L merger in yet far greater detail, perhaps the best lesson conveyed is that because of the all-encompassing objective of achieving merger, its liabilities were not sufficiently apparent to management until after the merger had been consummated.
In its earlier years the E-L failed to integrate itself into a single entity and thereby precluded its ability to reap the advantages of merger foreseen not only by its respective managements, but by the Interstate Commerce Commission and its on-line shippers as well.
It is here that the free access which the author was given to the records of the estate and the availability for interviews with former E-L executives becomes most apparent.
TORONTO -- E-L
Financial Corporation Limited ("E-L
") announced that it has acquired a further 461,284 common shares of United Corporations Limited (TSX:UNC), increasing its ownership from 4,338,203 (35.