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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.
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Union Pacific and Norfolk Southern are in merger talks to create the largest railroad in North America that would connect the ...
Railroad operator Union Pacific is holding talks to acquire its smaller rival Norfolk Southern in what would be a megamerger ...
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