
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, April 5, 1990                   TAG: 9004060741
SECTION: BUSINESS                    PAGE: A13   EDITION: EVENING 
SOURCE: 
DATELINE: RICHMOND                                LENGTH: Short

RF&P FIGHTS SUIT OPPOSING CSX MERGER

RF&P Corp. has asked Richmond Circuit Court to dismiss a shareholder lawsuit aimed at blocking a merger with CSX Corp.

In a motion filed Wednesday, RF&P said that because the $385 million deal is finished, the lawsuit is pointless and should be terminated.

CSX and RF&P canceled the proposed merger on March 23 following a monthlong, bitter battle in which critics called the $34.50 per share CSX offered for RF&P stock grossly inadequate. Plans to join the two Richmond-based companies, which have railroad and real estate interests, were announced Feb. 20.

The lawsuit was filed on March 14 by Alan R. Kahn, a New York investor who owns RF&P stock. It sought to block the merger and asked for an explanation of how CSX arrived at the $34.50-per-share offer.

- Associated Press

by CNB