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| Re: Queens/Steinway Transit acquisition question (345750) | |||
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Re: Queens/Steinway Transit acquisition question |
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Posted by Allen45 on Tue Jun 28 16:54:41 2022, in response to Re: Queens/Steinway Transit acquisition question, posted by BusMgr on Sun Sep 26 19:18:33 2021. It's also interesting to point out that this was a sale of assets and not a sale of the corporation. I also wonder why Queens/Steinway Transit the corporation wasn't sold and just the assets. I'd assume the board of estimate approval would be bypassed if the corporation was sold rather than just the assets. In other purchases such as Liberty Lines/Bus Associates purchase of Pioneer Transit and Riverdale Transit, these were all corporate takeovers that didn't get board of estimate scrutiny that I am aware of. |
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