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OTHER NEWS

<i> Times Staff and Wire Reports</i>

Railroad Merger Wins Backing: Santa Fe Pacific Corp. said it has secured $1.56 billion in financing commitments to back its proposed $4-billion merger with Burlington Northern Inc. The move is the latest by Santa Fe, owner of the Atchison, Topeka & Santa Fe railroad, to fend off a hostile $3.6-billion cash offer from Union Pacific. Schaumburg, Ill.-based Santa Fe has agreed to be acquired by Burlington Northern in a complex cash-stock deal.


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