Walter Rich owned the TP&W?

Discussion related to New York, Susquehanna & Western operations past and present. Also includes some discussion related to Deleware Otsego owned and operated shortlines. Official web site can be found here: NYSW.COM.

Moderators: GOLDEN-ARM, NJ Vike

Re: Walter Rich owned the TP&W?

Postby Steamtown Observer » Wed Nov 13, 2013 2:13 pm

HolyToledo wrote:For only a couple of years why did he ditch it?


Walter Rich / Delaware Otsego owned something like 40% of the company, Gordon Fuller owned a piece and Toronto Dominion Bank owned a piece as a result of a debt restructuring. Bottom line is they got a very good offer for the entire company and took it. TP&W certainly didn't fit in the DO's NY/NJ/PA operating area.
SO
Steamtown Observer
 
Posts: 373
Joined: Mon Apr 25, 2005 12:25 pm
Location: Northeastern PA

Return to New York, Susquehanna & Western - Past and Present

Who is online

Users browsing this forum: No registered users and 3 guests