SOO LINE <SOO> TO SELL LAKE STATES DIVISION Soo Line Corp said it agreed to sell its Lake States Transportation Division to the newly formed Wisconsin Central Ltd. The division conducts rail operations over about 2,000 miles of railroad in Minnesota, Wisconsin, Michigan and Illinois. Soo Line said in January it was seeking bids for the property. Terms were withheld, but Soo has estimated that the transaction will result in a one-time after-tax loss of 8.0 to 15.0 mln dlrs.