Union Pacific and Norfolk Southern confirm that they’re talking about a railroad megamerger
Union Pacific and Norfolk Southern came clean on Tuesday about their rumored merger discussions: The two rail giants have, in fact, been involved in talks about combining their companies, they said in a statement.
Bloomberg reported Wednesday that the two companies’ talks were in the “advanced” stages. The companies’ stocks moved in opposite directions, with Union Pacific shares dipping and Norfolk Southern shares climbing.
A merger between the two would create a cross-country rail titan and would likely be the industry’s largest-ever tie-up.
Bloomberg reported Wednesday that the two companies’ talks were in the “advanced” stages. The companies’ stocks moved in opposite directions, with Union Pacific shares dipping and Norfolk Southern shares climbing.
A merger between the two would create a cross-country rail titan and would likely be the industry’s largest-ever tie-up.
