Santa Fe SP got 60 days to ready a merger request.
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Santa Fe Southern Pacific Chairman John J. Schmidt said the company is “pleased” that the Interstate Commerce Commission granted the company 60 days to prepare a petition asking the ICC to reconsider its decision to block the merger of its two railroads, the Santa Fe Railway and the Southern Pacific Railroad. At the same time, the ICC denied the company’s request that it delay issuing its written decision in the merger case, which is scheduled to be released in mid-October.
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