In a merger, two's company, three's a crowd. (Burlington Northern and Santa Fe Railway)

From: Railway Age | Date: November 1, 1994| Author: | Copyright information

When Burlington Northern and Santa Fe announced their plan for merger, through BN's acquisition of Santa Fe for an estimated $2.5 billion, Union Pacific didn't publicly react.

Conventional wisdom, or call it speculation, was that UP would not make a move until its case involving permission to exert its stock ownership position more strongly over Chicago & North Western was decided. And the Interstate Commerce Commission has until early next year to make that decision. Unconventional wisdom, or speculation, was that when UP did move, it might well break the rail industry's ...

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