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About: Santa Fe–Southern Pacific merger     Goto   Sponge   NotDistinct   Permalink

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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.