Most people don't think corporate finance and transactions are very much fun...but when you hear phrases like "Poison Pills" and "Junk Bonds," most people's ears perk up. So, for a quick follow-up on Episode 41, where we talked about the failed Southern Pacific Santa Fe merger and its aftermath, Phil discusses small railroad transactions, and what poison pills and junk bonds are. After all, this is the Bell Institute for Advanced Railroad Studies and class is in session...All Aboard!!
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