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The Santa Fe–Southern Pacific merger was an attempted corporate consolidation of two of the major railroads in the Western United States at the time: the Atchison, Topeka and Santa Fe Railway and the Southern Pacific Railroad. The approximately US$5 billion deal (US$13 billion in 2021 dollars) was announced in September 1983 and in December 1983, both companies were acquired by a new holding company, the Santa Fe Southern Pacific Corporation and both companies extensive non-railroad related assets were immediately combined. However, the Southern Pacific Railroad remained in a voting trust and the railroads continued to be operated independently and competitively while the merger worked through the regulatory process.

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dbo:abstract
  • The Santa Fe–Southern Pacific merger was an attempted corporate consolidation of two of the major railroads in the Western United States at the time: the Atchison, Topeka and Santa Fe Railway and the Southern Pacific Railroad. The approximately US$5 billion deal (US$13 billion in 2021 dollars) was announced in September 1983 and in December 1983, both companies were acquired by a new holding company, the Santa Fe Southern Pacific Corporation and both companies extensive non-railroad related assets were immediately combined. However, the Southern Pacific Railroad remained in a voting trust and the railroads continued to be operated independently and competitively while the merger worked through the regulatory process. In March 1984, the companies asked the Interstate Commerce Commission (ICC) for approval to merge their railroads. Confident the deal would be approved, the company began repainting their locomotives into a new unified paint scheme that would allow the future railroad to be called SPSF. In a surprise July 1986 decision, the ICC denied the merger and gave the companies two years to split. Southern Pacific was sold to Rio Grande Industries for US$1.02 billion in October 1988, the companies California real estate holdings were spun off into a new company called Catellus Development Corporation which would become the State's largest private landowner, and the former holding company would rename itself Santa Fe Pacific Corporation and retain the Santa Fe Railroad and all the non-railroad businesses of both predecessors. (en)
dbo:dissolutionDate
  • 1989-04-25 (xsd:date)
dbo:fate
  • Southern Pacific Railroadacquired byRio Grande Industries, Real estate holdings spun-off asCatellus Development Corporation (en)
dbo:foundingDate
  • 1983-12-23 (xsd:date)
dbo:foundingYear
  • 1983-01-01 (xsd:gYear)
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  • 1187209 (xsd:integer)
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  • 16613 (xsd:nonNegativeInteger)
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  • 1117781536 (xsd:integer)
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dbp:defunct
  • 1989-04-25 (xsd:date)
dbp:fate
  • Southern Pacific Railroad acquired by Rio Grande Industries, Real estate holdings spun-off as Catellus Development Corporation (en)
dbp:founded
  • 1983-12-23 (xsd:date)
dbp:imageCaption
  • ATSF train led by a locomotive in the proposed SPSF merger paint scheme (en)
dbp:industry
  • Transport, real estate, petroleum and minerals (en)
dbp:keyPeople
  • John J. Schmidt (en)
dbp:name
  • Santa Fe Southern Pacific CorporationSPSF Railway (en)
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  • The Santa Fe–Southern Pacific merger was an attempted corporate consolidation of two of the major railroads in the Western United States at the time: the Atchison, Topeka and Santa Fe Railway and the Southern Pacific Railroad. The approximately US$5 billion deal (US$13 billion in 2021 dollars) was announced in September 1983 and in December 1983, both companies were acquired by a new holding company, the Santa Fe Southern Pacific Corporation and both companies extensive non-railroad related assets were immediately combined. However, the Southern Pacific Railroad remained in a voting trust and the railroads continued to be operated independently and competitively while the merger worked through the regulatory process. (en)
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  • Santa Fe–Southern Pacific merger (en)
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foaf:name
  • Santa Fe Southern Pacific CorporationSPSF Railway (en)
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