Thursday, August 25, 2016

August 25, 1972 -- Illinois Central Merger Upheld



August 25, 1972 – Supreme Court Justice Harry A. Blackman refuses to block the merger of the Illinois Central Railroad and the Gulf, Mobile & Ohio Railroad.  The Missouri Pacific Railroad had claimed that the proposed merger would create a near-monopoly that would cripple it.  The merger, which had occurred on August 10 gives the new Illinois Central Gulf Railroad control of 13,532 miles of track.

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