ROANOKE TIMES

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

DATE: WEDNESDAY, March 14, 1990                   TAG: 9003142750
SECTION: BUSINESS                    PAGE: A5   EDITION: METRO 
SOURCE: 
DATELINE: RICHMOND                                LENGTH: Short


RF&P INVESTOR SUES TO BLOCK CSX MERGER

A stockholder of RF&P Corp., citing the possibility of unfair advantage, filed a lawsuit Tuesday to block the proposed merger with the much-larger CSX Corp.

"I believe that CSX's offer of either $34.50 cash or a share of CSX stock for each share of RF&P stock significantly undervalues RF&P's worth," said Alan R. Kahn, the RF&P stockholder and chief executive officer of the New York investment firm of Kahn Brothers & Co. Inc.

Meantime, Gov. Douglas Wilder said Tuesday that Mark Boyer and Co. Inc., a New York financial firm, had been hired to study the proposed merger. - Associated Press



 by CNB