Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Conrail Sale: Dot's Selection of Investment Banks to Underwrite the Sale of Conrail: Rced-87-88

Conrail Sale: Dot's Selection of Investment Banks to Underwrite the Sale of Conrail: Rced-87-88

U. S. Government Accountability Office (.

Paperback

General Political Science

Publisher Price: $14.75

ISBN10: 1289022739
ISBN13: 9781289022730
Publisher: Bibliogov
Published: Jun 26 2013
Pages: 22
Weight: 0.13
Height: 0.05 Width: 7.44 Depth: 9.69
Language: English
Pursuant to a congressional request, GAO reviewed the Department of Transportation's (DOT) selection of six investment banks to manage the sale of the government's interest in the Consolidated Rail Corporation (Conrail).
GAO found that: (1) although there were some discussions between DOT and investment banks which occurred outside the formal selection process, these discussions did not affect the selection of the six co-lead managers; (2) DOT complied with the statutory criteria during the first and second rounds of selection; (3) DOT consulted with the Department of the Treasury and Conrail to ensure that the investment banks had the proper mix of retail and institutional sales capabilities and significant minority participation in the final sale; and (4) the selection process was fair and proper and provided all interested parties with an equal opportunity to compete.

Also in

General Political Science

View All