THE VIRGINIAN-PILOT Copyright (c) 1996, Landmark Communications, Inc.DATE: Wednesday, October 16, 1996 TAG: 9610160634SECTION: FRONT PAGE: A1 EDITION: FINAL SOURCE: BY CHRISTOPHER DINSMORE, STAFF WRITER LENGTH: 113 lines CSX Corp. will buy Conrail Inc. in an $8.4 billion deal creating the EastCoast's largest railroad and one of the world's largest freight companies. Thetwo railroads announced their proposed merger Tuesday morning. The merger is bad news for Richmond, which will lose the CSX headquartersto Philadelphia, Conrail's hometown. The proposed merger faces numerous hurdles, including possible oppositionfrom Norfolk Southern Corp., a longtime CSX rival and would-be suitor ofConrail. ``This combination raises serious concerns. . . .,'' the Norfolk-basedrailroad said in statement Tuesday. ``Whatever happens in this processinitiated by our competitor, Norfolk Southern will be a part of it.'' The merger would cement Conrail's rail monopoly in Northeast markets. Butit will likely be...
