OTHER NEWS - March 30, 1995
<i> Times Staff and Wire Reports</i>
Union Pacific Buries the Hatchet With Burlington: The thwarted suitor is dropping its opposition to the merger of Burlington Northern Inc. and Santa Fe Pacific Corp. in exchange for the right to use a Santa Fe line. The agreement grants Union Pacific Corp. rights to Santa Fe’s line between Abilene, Kan., and Superior, Neb., in order to preserve two-railroad competition at Superior. Union Pacific’s opposition to the proposed $4-billion merger--which would create the nation’s largest railroad--could have slowed the current review of the marriage by the Interstate Commerce Commission. Ft. Worth-based Burlington Northern defeated Bethlehem, Pa.-based Union Pacific in a January bidding war for Santa Fe, which is based in Schaumburg, Ill.
