OTHER NEWS - Aug. 10, 1996
Rail Merger Expected to Gain Final OK: Union Pacific Corp.’s proposed $5.4-billion acquisition of Southern Pacific Corp. is expected to get final written approval from federal regulators Monday. The decision, expected to be released by the Surface Transportation Board, would clear the way for the creation of the largest railroad in North America. The written consent is a formality in the approval process. On July 3, the federal Surface Transportation Board’s three commissioners voted unanimously to approve the merger, attaching minor conditions.
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