Charleston, WV (AP) -- A West Virginia company has acquired the Greenbrier and plans to ask a bankruptcy court to dismiss the resort's case.
The Greenbrier and Jim Justice announced Thursday that Justice's company, Beckley-based Justice Family Group, acquired the Greenbrier's holding company's stock.
They didn't provide details of the transaction.
Justice family group also acquired 80 percent of the Greenbrier Sporting Club, a private residential development on the southeastern West Virginia resort's grounds.
If the bankruptcy court approves the deal, it would end nearly a century of ownership by railroad company CSX Corp.
And its predecessors.
CSX chairman, President and CEO Michael Ward called the transaction a "great result" for the resort and CSX.
(Copyright 2009 by the Associated Press. All rights reserved.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.