[Federal Register Volume 70, Number 84 (Tuesday, May 3, 2005)]
[Notices]
[Page 22996]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-8797]


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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.
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    \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.
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    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