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Union Pacific to Acquire Norfolk Southern for $72 Billion
Union Pacific to Acquire Norfolk Southern for $72 Billion

Bloomberg

time2 days ago

  • Business
  • Bloomberg

Union Pacific to Acquire Norfolk Southern for $72 Billion

Union Pacific agreed to acquire Norfolk Southern in a cash-and-stock transaction valuing the company at about $72 billion, forming a transcontinental rail behemoth in what stands to be the industry's largest deal ever. Norfolk Southern shareholders will receive one Union Pacific share and $88.82 in cash for each Norfolk share, the companies said in a statement Tuesday. Union Pacific will issue about 225 million shares to Norfolk Southern investors, representing 27% ownership in the combined company. The deal, which they aim to close by early 2027, implies a value of $320 a share for Norfolk. That would represent a roughly 23% premium to Norfolk Southern's stock before the first reports of a potential deal this month. The tie-up is poised to transform the North American rail market. Tony Hatch, Founder of ABH Consulting, speaks on Bloomberg Surveillance with Tom Keene and Paul Sweeney. (Source: Bloomberg)

Bloomberg Surveillance: Trade Deals and Markets
Bloomberg Surveillance: Trade Deals and Markets

Bloomberg

time3 days ago

  • Business
  • Bloomberg

Bloomberg Surveillance: Trade Deals and Markets

Browse all episodes Bloomberg Surveillance: Trade Deals and Markets Bloomberg Surveillance Trade Deals and Markets Arrow Right 39:35 Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney July 28th, 2025 Featuring: 1) Kriti Gupta, host of Bloomberg TV & Radio in London, on European capitals are putting a brave face on the trade deal they struck with President Donald Trump, which will see the European Union accept a 15% tariff on most of its exports to the US while reducing levies on some American products to zero. 2) Elizabeth Economy, Hargrove Senior Fellow and co-chair of the Program on the US, China, and the World at Stanford University's Hoover Institution, on US and Chinese officials are meeting Monday to extend their tariff detente beyond a mid-August deadline, and haggle over other ways to further defuse trade tensions. ) Tiffany Wilding, Economist: North America at PIMCO, on Federal Reserve officials are determined to hold interest rates steady a little while longer, though an increasingly contentious debate at this week's policy meeting may bolster expectations for rate cuts in the fall. Fed Chair Jerome Powell is under intense pressure from President Donald Trump and his allies to reduce borrowing costs, and may face multiple dissents this week from officials who want to provide support to a slowing labor market. 4) Curtis Sliwa, founder and CEO of the Guardian Angels and NYC Mayoral candidate

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