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WISCONSIN CENTRAL TRANSPORTATION CORPORATION PUBLIC OFFERING

 CHICAGO, Dec. 15 /PRNewswire/ -- Wisconsin Central Transportation Corporation (NASDAQ-NMS: WCLX) said that a public offering of 3,400,000 shares of its common stock at a price to the public of $29 per share has commenced through underwriters led by Goldman, Sachs & Co. and Wertheim Schroder & Co. Incorporated.
 The company is selling 1,800,000 shares and shareholders are selling 1,600,000 shares. The selling shareholders also granted the underwriters an option for 30 days to purchase up to an additional 510,000 shares solely to cover over-allotments.
 Net proceeds to the company from the sale of the shares are expected to be used primarily to acquire the operating rail assets of the Fox River Valley Railroad Corporation (FRVR), the Green Bay and Western Railroad Company (GBW), and the Ahnapee & Western Railway Company (AHW).
 The public offering was announced by Wisconsin Central Transportation Corporation on Sept. 16, 1992. The company's plans for its wholly owned Fox Valley & Western Ltd. subsidiary to acquire the operating rail assets FRVR, GBW and AHW was announced Jan. 15, 1992.
 The company's shares are traded on the NASDAQ National Market System under the symbol WCLX. Wisconsin Central Transportation Corporation is the owner of the Chicago-based Wisconsin Central Ltd. -- the largest regional railroad in the United States -- providing freight service on more than 2,000 miles of track in Wisconsin, the Upper Peninsula of Michigan, northeastern Illinois, eastern Minnesota, and Sault Ste. Marie, Ontario.
 -0- 12/15/92
 /CONTACT: Tom Power, executive vice president and chief financial officer of Wisconsin Central, 708-318-4602/
 (WCLX)


CO: Wisconsin Central Transportation Corporation ST: Illinois IN: TRN SU: OFR

KH -- MN011 -- 7310 12/15/92 14:53 EST
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Publication:PR Newswire
Date:Dec 15, 1992
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