One of my favorite railroading business yarns is the opposite of an IPO: the dissolution of the Reading Railroad. When the railroad started to collapse a group

One of my favorite railroading business yarns is the opposite of an IPO: the dissolution of the Reading Railroad. When the railroad started to collapse a group of savvy investors bought a controlling share for pennies on the dollar because they realized that the company owned a fortune in real estate and facilities. They then sold off those assets to finance a group of movie theaters in Australia and New Zealand which still exists today. https://en.wikipedia.org/wiki/Reading_Company#Post-railroad:_1976%E2%80%93present https://en.wikipedia.org/wiki/Reading_Company#Post-railroad:...