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Nostalgia & History > Owners of GN and NP Stock at Northern Lines Merger


Date: 12/05/18 18:54
Owners of GN and NP Stock at Northern Lines Merger
Author: Northern

At the time of the Northern Lines merger in the 1960s, were both the Great Northern and the Northern Pacific publicly traded companies or were they owned by Hill and Morgan interests?  How did the new Burlington Northern handle all of the shares in both GN and NP after the merger was approved? 



Date: 12/05/18 19:54
Re: Owners of GN and NP Stock at Northern Lines Merger
Author: BigSkyBlue

My parents owned GN stock at the BN merger, and best I can remember 1 share of GN became 1 share of BN. BSB

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Date: 12/05/18 21:07
Re: Owners of GN and NP Stock at Northern Lines Merger
Author: czephyr17

They were both publicly traded companies before the merger.



Date: 12/06/18 08:40
Re: Owners of GN and NP Stock at Northern Lines Merger
Author: J.Ferris

As stated both were still publicly traded.  I believe that the NP was the surviving company after the merger and changed its name to BN. The division of stock into the new company was a complicated formula as the GN was considered the stronger RR but the NP had much greater land assets. I would like to hear if I am correct on these point as I have been looking but cound not find conclusive point on this.

J.



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