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.

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Steamtown Observer
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Re: Walter Rich owned the TP&W?

Post by 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.

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