The Nation - News from May 7, 1986
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Transportation Secretary Elizabeth Hanford Dole, facing serious House opposition to her proposal to sell government-owned Conrail, said she is asking Norfolk Southern Corp. to raise its bid from $1.2 billion to $1.9 billion. Dole also said she is asking Congress to amend the law to make the sale subject to approval of the Interstate Commerce Commission. Congress had previously decided that the sale would not be held to the same standards as other railroad mergers.
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