How do Mergers Work?

[Ralph]

Looks like we may have hit a sore spot for biL. I sympathize. For a readable look at a railroad merger that went poorly from the planning stages to its eventual failure you might want to check out "The Wreck of the Penn Central" by Joseph R. Daughen and Peter Binzen. It describes the behind the scenes thinking and maneuvering involved in bringing two formerly competing roads together.

Ralph