Mittal Steel Company N.V.-Acquisition of Control Exemption-ISG Railways Inc., ISG South Chicago & Indiana Harbor Railway Co., and ISG Cleveland Works Railway Co., 22996 [05-8797]
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[FR Doc. 05–8625 Filed 5–2–05; 8:45 am]
BILLING CODE 4909–60–M
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Finance Docket No. 34650]
Mittal Steel Company N.V.—
Acquisition of Control Exemption—ISG
Railways Inc., ISG South Chicago &
Indiana Harbor Railway Co., and ISG
Cleveland Works Railway Co.
Mittal Steel Company N.V. (Mittal
Steel), a noncarrier, has filed a verified
notice of exemption to acquire control
of the following three railroads: (1) ISG
Railways, Inc. (ISGR); (2) ISG South
Chicago & Indiana Harbor Railway Co.
(ISG/SCIH); and (3) ISG Cleveland
Works Railway Co. (ISG/CWRC).1 ISG/
SCIH and ISG/CWRC are Class III
railroads and ISGR is a Class II railroad.
The transaction was expected to be
consummated on or after April 13, 2005.
Mittal Steel states that: (1) The
railroads do not connect with each other
or any railroad in their corporate family;
(2) the transaction is not part of a series
of anticipated transactions that would
connect the railroads with each other or
any railroad in their corporate family;
and (3) the transaction does not involve
a Class I carrier. Therefore, the
transaction is exempt from the prior
approval requirements of 49 U.S.C.
11323. See 49 CFR 1180.2(d)(2).
Under 49 U.S.C. 10502(g), the Board
may not use its exemption authority to
relieve a rail carrier of its statutory
obligation to protect the interests of its
employees. Because this transaction
involves the control of one Class II
carrier and two Class III carriers, this
grant will be made subject to labor
protection requirements of 49 U.S.C.
11326(b).
If the verified notice contains false or
misleading information, the exemption
is void ab initio. Petitions to revoke the
exemption under 49 U.S.C. 10502(d)
may be filed at any time. The filing of
a petition to revoke will not
automatically stay the transaction.
An original and 10 copies of all
pleadings, referring to STB Finance
Docket No. 34650, must be filed with
the Surface Transportation Board, 1925
K Street, NW., Washington, DC 20423–
0001. In addition, a copy of each
pleading must be served on Jeffery O.
Moreno, Thompson Hine LLP, 1920 N
Street NW., Suite 800, Washington, DC
20036.
Board decisions and notices are
available on our Web site at https://
www.stb.dot.gov.
Decided: April 26, 2005.
By the Board, David M. Konschnik,
Director, Office of Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 05–8797 Filed 5–2–05; 8:45 am]
BILLING CODE 4915–01–P
1 Mittal Steel, through its wholly owned
subsidiary, Park Acquisition Inc., will acquire the
three railroads pursuant to its merger with
International Steel Group, Inc.
VerDate jul<14>2003
15:43 May 02, 2005
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E:\FR\FM\03MYN1.SGM
03MYN1
Agencies
[Federal Register Volume 70, Number 84 (Tuesday, May 3, 2005)]
[Notices]
[Page 22996]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-8797]
-----------------------------------------------------------------------
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Finance Docket No. 34650]
Mittal Steel Company N.V.--Acquisition of Control Exemption--ISG
Railways Inc., ISG South Chicago & Indiana Harbor Railway Co., and ISG
Cleveland Works Railway Co.
Mittal Steel Company N.V. (Mittal Steel), a noncarrier, has filed a
verified notice of exemption to acquire control of the following three
railroads: (1) ISG Railways, Inc. (ISGR); (2) ISG South Chicago &
Indiana Harbor Railway Co. (ISG/SCIH); and (3) ISG Cleveland Works
Railway Co. (ISG/CWRC).\1\ ISG/SCIH and ISG/CWRC are Class III
railroads and ISGR is a Class II railroad.
---------------------------------------------------------------------------
\1\ Mittal Steel, through its wholly owned subsidiary, Park
Acquisition Inc., will acquire the three railroads pursuant to its
merger with International Steel Group, Inc.
---------------------------------------------------------------------------
The transaction was expected to be consummated on or after April
13, 2005.
Mittal Steel states that: (1) The railroads do not connect with
each other or any railroad in their corporate family; (2) the
transaction is not part of a series of anticipated transactions that
would connect the railroads with each other or any railroad in their
corporate family; and (3) the transaction does not involve a Class I
carrier. Therefore, the transaction is exempt from the prior approval
requirements of 49 U.S.C. 11323. See 49 CFR 1180.2(d)(2).
Under 49 U.S.C. 10502(g), the Board may not use its exemption
authority to relieve a rail carrier of its statutory obligation to
protect the interests of its employees. Because this transaction
involves the control of one Class II carrier and two Class III
carriers, this grant will be made subject to labor protection
requirements of 49 U.S.C. 11326(b).
If the verified notice contains false or misleading information,
the exemption is void ab initio. Petitions to revoke the exemption
under 49 U.S.C. 10502(d) may be filed at any time. The filing of a
petition to revoke will not automatically stay the transaction.
An original and 10 copies of all pleadings, referring to STB
Finance Docket No. 34650, must be filed with the Surface Transportation
Board, 1925 K Street, NW., Washington, DC 20423-0001. In addition, a
copy of each pleading must be served on Jeffery O. Moreno, Thompson
Hine LLP, 1920 N Street NW., Suite 800, Washington, DC 20036.
Board decisions and notices are available on our Web site at http:/
/www.stb.dot.gov.
Decided: April 26, 2005.
By the Board, David M. Konschnik, Director, Office of
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 05-8797 Filed 5-2-05; 8:45 am]
BILLING CODE 4915-01-P