Getting your Trinity Audio player ready...
MidCon Corp., which earlier this week disclosed its own friendly tender offer for a pipeline company, refused comment on rumors it has become the target for a takeover by Burlington Northern Inc. Rumors circulated on Wall Street after Burlington, described by one merger expert as ”cash rich,”
confirmed plans to raise $250 million by selling debentures. In trading on the New York Stock Exchange Wednesday, MidCon stock rose up $2.37 at $45.37.
