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Los Angeles County

Times Staff and Wire Reports

Union Pacific Faces Decision: The escalating takeover battle for Santa Fe Pacific Corp., the big western-U.S. railroad, could take another twist this week. One of its suitors, Union Pacific Corp., has a tender offer that expires Thursday, and there’s pressure on the company to raise its $3.2-billion bid in order to match or exceed a $3.8-billion offer by Burlington Northern Inc. For now, Union Pacific will say only that it is “exploring all options.” Both companies are pursuing Schaumburg, Ill.-based Santa Fe because of that railroad’s extensive presence in California and other western states.


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