|SURFACE TRANSPORTATION BOARD DECISION DOCUMENT|
|UNITED STATES STEEL CORPORATION-ACQUISITION OF CONTROL EXEMPTION-TEXAS & NORTHERN RAILWAY COMPANY|
|Notice Of Exemption|
|Director Of Proceedings|
|PROVIDED NOTICE THAT UNITED STATES STEEL CORPORATION FILED A NOTICE OF EXEMPTION TO ACQUIRE FROM LONE STAR TECHNOLOGIES, INC., CONTROL OF TEXAS & NORTHERN RAILWAY COMPANY.|
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|Full Text of Decision|
38022 SERVICE DATE – MAY 25, 2007
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Finance Docket No. 35027]
United States Steel Corporation–Acquisition of Control Exemption–Texas & Northern Railway Company
States Steel Corporation (USS), a noncarrier, has
filed a verified notice of exemption to acquire from Lone Star Technologies,
Inc. (LST), control of Texas & Northern Railway Company (T&NR), a Class
III rail carrier, operating in
The transaction will be consummated on or about June 14, 2007.
The parties represent and warrant that: (1) T&NR does not connect with any of the Transtar railroads; (2) the acquisition and continuance in control is not part of a series of anticipated transactions that would connect the T&NR with any of the railroads in the Transtar 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 the transaction involves the control of one Class II and one or more Class III carriers, the exemption is subject to the labor protection requirements of 49 U.S.C. 11326(b).
If the 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.
original and 10 copies of all pleadings, referring to STB Finance Docket No. 35027,
must be filed with the Surface Transportation Board, 395 E Street, S.W.,
Board decisions and notices are available on our website at “WWW.STB.DOT.GOV.”
Decided: May 18, 2007.
By the Board, Joseph H. Dettmar, Acting Director, Office of Proceedings.
 USS controls Transtar Inc. (Transtar), a
noncarrier holding company, which owns one Class II carrier, the
 T&NR is a wholly owned subsidiary of LSS that provides rail services for LSS and others.