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SANTA FE PACIFIC REGISTERS OFFERING BY OLYMPIA & YORK SF HOLDINGS

 SANTA FE PACIFIC REGISTERS OFFERING BY OLYMPIA & YORK SF HOLDINGS
 SCHAUMBURG, Ill., May 5 /PRNewswire/ -- Santa Fe Pacific Corp. today filed a registration statement with the Securities and Exchange Commission for the public offering by Olympia & York SF Holdings Corp., an indirect wholly owned subsidiary of Olympia & York Developments Limited (O&Y), of its approximately 18 percent interest in the common stock of Santa Fe, which comprises 32,502,317 shares.
 Of the 32,502,317 Santa Fe shares to be sold by O&Y in the offering, 26,001,854 shares will be offered in the United States and the remainder of the shares will be offered internationally through underwriters managed by Merrill Lynch & Co., Goldman, Sachs & Co. and Lehman Brothers.
 To facilitate the orderly distribution of the shares being sold by O&Y, Santa Fe many grant the underwriters an option to purchase additional shares solely to cover over-allotments.
 A registration statement related to these securities was filed with the Securities and Exchange Commission but is not yet effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful. A prospectus may be obtained from Merrill Lynch & Co., 250 Vessey St., New York, N.Y., 10281.
 Santa Fe Pacific Corp. is a holding company engaged in transportation and mining through its subsidiaries: The Atchison, Topeka and Santa Fe Railway Company, Santa Fe Pacific Pipelines, Inc. and Santa Fe Pacific Minerals Corp.
 -0- 5/5/92
 /CONTACT: Catherine A. Westphal of Santa Fe Pacific, 708-995-6273/
 (SFX) CO: Santa Fe Pacific Corp. ST: Illinois IN: TRN SU: OFR


KD -- NY027 -- 6422 05/05/92 09:46 EDT
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Publication:PR Newswire
Date:May 5, 1992
Words:319
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