<PAGE>
SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934 (Amendment No. 1)
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [x]
Check the appropriate box:
[ ] Preliminary Proxy Statement [ ] Confidential, For Use of the
Commission Only (as permitted by
Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[x] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Rule 14a-12
WISCONSIN CENTRAL TRANSPORTATION CORPORATION
(Name of Registrant as Specified in its Charter)
WISCONSIN CENTRAL SHAREHOLDERS COMMITTEE TO MAXIMIZE VALUE
(Name of Person(s) Filing Proxy Statement)
Payment of Filing Fee (Check the appropriate box):
[x] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)1 and 0-11.
(1) Title of each class of securities to which transaction applies:
_________________________________________________________________
(2) Aggregate number of securities to which transaction applies:
_________________________________________________________________
(3) Per unit price or underlying value of transaction computed pursuant to
Exchange Act Rule 0-11:
_________________________________________________________________
(4) Proposed maximum aggregate value of transaction:
______________________________________________________________________
(5) Total fee paid:
_________________________________________________________________
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number,
or the form or schedule and the date of its filing.
(1) Amount Previously Paid:
_________________________________________________________________
(2) Form, Schedule or Registration Statement No.:
_________________________________________________________________
(3) Filing Party:
_________________________________________________________________
(4) Date Filed:
_________________________________________________________________
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PRESS RELEASE
Wisconsin Central Shareholders Committee to Maximize Value
For Immediate Release Contact: Edward A. Burkhardt
Dated November 27, 2000 Telephone: 773-714-8669
WISCONSIN CENTRAL "DEAD LAST" IN CARLOAD GROWTH
CHICAGO, Illinois, November 27, 2000: Edward A. Burkhardt, Chairman
of the Wisconsin Central Shareholders Committee to Maximize Value, wrote
Wisconsin Central Transportation Corporation (NASDAQ: WCLX) shareholders on
Friday highlighting the incumbent board's failure to grow traffic. Mr.
Burkhardt pointed out that Wisconsin Central was "dead last" in growth in
carloads handled year to date compared with the same period of 1999 among the
eight railroads compared in a report issued Monday, November 20, by Jim
Valentine, rail analyst for Morgan Stanley Dean Witter.
Mr. Burkhardt also cited a continuous downgrading of WCLX by stock
analysts this year as earnings failed to meet expectations and the company
issued numerous profit warnings.
The Committee was formed to reverse the current poor performance and
to maximize shareholder value by selling off minority shareholdings in poorly
performing overseas railways and to foster a strategic sale of WCLX's domestic
rail operations. It is currently conducting a consent solicitation of
shareholders to replace the incumbent board with nominees of the Committee who
will implement of the Committee's program.
A copy of Mr. Burkhardt's letter is attached.
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CERTAIN INFORMATION CONCERNING THE COMMITTEE'S PROPOSALS
Information regarding the Committee's proposals is included in a
definitive consent statement filed with the Securities and Exchange Commission
on November 13, 2000. The Committee has mailed copies of the consent statement,
together with consent cards, to Wisconsin Central shareholders. Wisconsin
Central shareholders are urged to read the consent statement carefully as it
contains important information. The definitive consent statement is available
without charge at the SEC's Internet web site at www.sec.gov. In addition, the
Committee will provide copies of its definitive consent statement without charge
upon request. Requests for copies should be directed to the Committee's
information agent, Innisfree M&A Incorporated, at its toll-free number: 1-888-
750-5834.
