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BRIEFLY

February 18, 1988

SFSP paid the cash portion of a special dividend declared by its board of directors and said it expects to distribute the debenture portion of the dividend next month. Santa Fe Southern Pacific, a railroad and natural resources company, has been trying to fend off a takeover bid by Henley Group Inc. of La Jolla. Henley had contended that distribution of the debenture part of the Santa Fe dividend, which totals about $783 million, was aimed at reducing the company's value. The cash portion of the dividend, announced by the board Jan. 26, totals about $3.9 billion, or $25 per share of common stock, Santa Fe said in a statement.

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