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Article: HENLEY HIKES SANTA FE SOUTHERN STAKE TO 14%
- Article from:
- THE JOURNAL RECORD
- Article date:
- October 29, 1987
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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LA JOLLA, Calif. (AP) - Henley Group Inc., whose efforts to acquire
a portion of Santa Fe Southern Pacific Corp. collapsed earlier this
month, said Wednesday it had increased its stake in the transporation
and natural resources concern to 14.1 percent from 5 percent.
Henley, which has received federal approval to buy up to 24.9
percent of Santa Fe Southern, increased its holdings as Wall
Street's crash sharply reduced stock prices.
In a filing with the Securities and Exchange Commission, Henley
also said it ``reserves the right to take whatever action may be
necessary'' to enhance shareholder value, including acquiring control
of Santa Fe Southern or seeking seats on its board.
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