Latest news with #railindustry
Bloomberg
a day ago
- Business
- Bloomberg
Union Pacific Bid Values Norfolk Southern at About $320 a Share
Union Pacific Corp. is nearing an agreement for a stock-and-cash deal for Norfolk Southern Corp. that would value the smaller rival at about $320 a share, people familiar with the matter said, in what would be the rail industry's biggest-ever tie-up. The offer would be comprised of about two-thirds stock and one-third cash, said the people, who asked not to be identified because the information is private. At $320 a share, Norfolk Southern's equity value would be about $72 billion, according to Bloomberg calculations.
Bloomberg
3 days ago
- Business
- Bloomberg
Union Pacific Is Said to Near Deal for Norfolk Southern
By , Ryan Gould, and Kiel Porter Save Union Pacific Corp. could reach an agreement to acquire Norfolk Southern Corp. and create a transcontinental rail behemoth as soon as early next week, people familiar with the matter said. The deal, which would be the largest deal ever in the rail industry, is likely to include both cash and stock, according to the people, who asked not to be identified discussing confidential information.
Reuters
5 days ago
- Business
- Reuters
Union Pacific discussing merger with rival Norfolk in mega railroad deal
July 24 (Reuters) - Union Pacific (UNP.N), opens new tab said on Thursday it was in advanced discussions with rival Norfolk Southern (NSC.N), opens new tab for a possible merger. A deal, if it goes through, will create a railroad with a rare coast-to-coast footprint, combining Union Pacific's dominant position in the Western two-thirds of the U.S. with Norfolk's 19,500-mile route predominantly spanning 22 eastern states. There can be no assurances as to whether an agreement for a transaction will be reached or as to its terms, Union Pacific said.
Bloomberg
5 days ago
- Business
- Bloomberg
Union Pacific Confirms Deal Talks With Rival Norfolk Southern
Union Pacific Corp. said it is in advanced discussions with Norfolk Southern Corp. about a potential combination of the two rail giants. A deal would create a transcontinental rail behemoth in what stands to be the industry's largest deal ever. Union Pacific said in a statement that there can be no assurances about whether an agreement will be reached, or what the terms of such a transaction might be.
Yahoo
22-07-2025
- Business
- Yahoo
Union Pacific--Norfolk Southern Merger Buzz Could Spur Berkshire to Target CSX
A potential merger between Union Pacific (UNP, Financials) and Norfolk Southern (NSC, Financials) could trigger Berkshire Hathaway (BRK.B, Financials) to pursue CSX (CSX, Financials) to protect its rail empire, Barron's reported Thursday. Warning! GuruFocus has detected 7 Warning Signs with CSX. The speculation follows reports that Union Pacific is weighing a bid for Norfolk Southern, its East Coast rival. Norfolk Southern shares rose 2.5% Thursday, while CSX fell 0.3%. Union Pacific dipped 1.2%. If completed, a UNP-NSC merger would significantly expand Union Pacific's rail network, potentially challenging the dominance of BNSF Railway, which Berkshire Hathaway acquired in 2010. Analysts say Warren Buffett (Trades, Portfolio) may respond with a counterweight bid to retain competitive parity in the rail sector. While no official offers have been made, market chatter suggests strategic positioning is underway as the U.S. rail industry braces for potential consolidation. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
