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Difino
| • | The Consolidated Rail Corporation (Conrail) was formed on April 1, 1976 not by a standard merger, but as a new government corporation that took over only designated lines and other rail-related assets from the existing bankrupt companies. Seven major companies were included (the Ann Arbor Railroad left shortly after), as well as many railroads that had been leased or controlled by them, sometimes jointly.
Source: [wikipedia: list of railroads transferred to conrail]
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