Santa Fe Southern Pacific formed a partnership.
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The Chicago-based railroad said it plans to publicly offer a 20% interest of the master limited partnership, which would contain 20% of its oil reserves and 90% of its gas reserves. The company said partnership units might be offered to shareholders as dividends. The company took the action to enhance the value of its common shares, which closed Thursday on the New York Stock Exchange at $31.75, up 12.5 cents.
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