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Report: Investment firm advising Union Pacific on potential merger
Union Pacific is working with Morgan Stanley investment bankers to provide guidance on the potential acquisition of another Class I railroad, the online publication Semafor reported on Wednesday, citing people familiar with the matter.
Union Pacific Eyes $60 Billion Norfolk Southern In Railroad Mega-Merger
Union Pacific currently has a market value of about $140 billion, while Norfolk Southern is valued at around $60 billion. Following news of the negotiations, shares of Norfolk Southern rose by 4% in after-hours trading, while Union Pacific’s stock fell roughly 2% before reversing to a slight gain.
Norfolk Southern (NSC) Engages in Merger Talks with Union Pacific to Form Largest Railroad
Norfolk Southern (NSC) is reportedly engaged in merger discussions with Union Pacific, potentially creating the largest railroad in North America. This speculative news could be one factor in the company's 23% price increase last quarter.
Union Pacific appears to be using a familiar playbook that large, publicly traded companies trot out when considering mergers ...
Union Pacific’s Full-Year 2024 financial results included operating revenue of $24.3 billion, up 1%, “driven by increased volume and core pricing gains, partially offset by lower fuel surcharge ...
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