Union Pacific acquires Norfolk Southern for $85 billion
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Union Pacific, Norfolk Southern seek deal to create $200 billion railroad that could trigger a final wave of rail mergers in US} (CORRECTS: A previous APNewsAlert erroneously reported the
Union Pacific , the largest U.S. railroad operator, could reach an agreement to acquire rival Norfolk Southern as soon as early next week, Bloomberg News reported on Friday, citing people familiar with the matter.
A merger between Norfolk Southern and Union Pacific would create a coast-to-coast rail operator, something that doesn’t exist in the US.