Henley Group said it has talked with...

Henley Group said it has talked with Santa Fe Southern Pacific about buying all or part of Southern Pacific Transportation Co. but has discontinued those discussions. Henley, which has clearance to increase its 5.03% stake in Santa Fe Southern Pacific to 24.9%, said it is reviewing its investment in the Chicago company. Santa Fe Southern has received seven offers to buy its Southern Pacific railroad ranging from $750 million to more than $1 billion in addition to assuming Southern Pacific’s $800-million-plus debt.