Advertisement
YOU ARE HERE: LAT HomeCollectionsSanta Fe Pacific Timber Co
IN THE NEWS

Santa Fe Pacific Timber Co

FEATURED ARTICLES
BUSINESS
July 3, 1987 | KEITH BRADSHER, Times Staff Writer
Santa Fe Southern Pacific may find it difficult to sell its Northern California forest products subsidiary because the market for timber acreage is glutted, industry experts say. The Chicago-based railroad holding company announced Tuesday that it will try to sell Santa Fe Pacific Timber as part of a corporate restructuring. The Redding, Calif.-based subsidiary owns about 520,000 acres of timberland in 10 Northern California counties. An estimated 8 million acres of the U.S.
ARTICLES BY DATE
BUSINESS
July 3, 1987 | KEITH BRADSHER, Times Staff Writer
Santa Fe Southern Pacific may find it difficult to sell its Northern California forest products subsidiary because the market for timber acreage is glutted, industry experts say. The Chicago-based railroad holding company announced Tuesday that it will try to sell Santa Fe Pacific Timber as part of a corporate restructuring. The Redding, Calif.-based subsidiary owns about 520,000 acres of timberland in 10 Northern California counties. An estimated 8 million acres of the U.S.
Advertisement
BUSINESS
November 3, 1987 | CHRIS KRAUL, San Diego County Business Editor
Apparently resigned to a takeover, Santa Fe Southern Pacific said Monday that it is negotiating with the Henley Group of La Jolla to be acquired for an all-cash price of $63 per share. Although Henley has agreed to the $63-a-share price, the La Jolla company said Monday that it wants to pay in part with securities. Negotiations between SFSP and Henley are continuing, but neither firm would say where the talks are being held or how soon a resolution is expected.
BUSINESS
July 1, 1987 | ROBERT E. DALLOS, Times Staff Writer
The Interstate Commerce Commission declined Tuesday to reverse its disapproval of the merger of the Southern Pacific and Santa Fe railroads and gave the holding company that owns both lines 90 days to submit a plan to sell one or both of them within two years. The 4-to-1 vote by the commission took place in a crowded, hushed hearing room in Washington.
Los Angeles Times Articles
|