OTHER NEWS - Jan. 31, 1995
<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.
