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Article: Burlington Northern and Santa Fe amend merger agreement; Alleghany Corp., George McFadden to vote 15.3 million Santa Fe shares in favor of merger.
- Article from:
- Business Wire
- Article date:
- January 24, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FORT WORTH, Texas and SCHAUMBURG, Ill.--(BUSINESS WIRE)--Jan. 24, 1995--Burlington Northern Inc. (BN) (NYSE:BNI) and Santa Fe Pacific Corp. (Santa Fe) (NYSE:SFX) Tuesday announced that they have amended their merger agreement to permit Santa Fe under certain conditions to purchase up to 10 million shares of its common stock after shareholder approval of the merger and prior to its consummation.
The total number of BN shares that would be issued upon consummation of the merger remains fixed. Thus, if Santa Fe purchased all 10 million shares the exchange ratio would be adjusted upwards from .40 to .4347 shares of BN common stock for each Santa Fe share following ...