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Shareholders approve a $85 billion Union Pacific-Norfolk Southern merger, pending regulatory approval, to create a single transcontinental railroad.
Shareholders of Union Pacific and Norfolk Southern have approved a proposed $85 billion merger, with about 99% in favor, creating the first coast-to-coast transcontinental railroad in the U.S.
The deal, which would combine the two railroads’ networks across 43 states, aims to improve freight efficiency, reduce transit times, and enhance service by eliminating handoffs between carriers.
Union Pacific will issue one share and $88.82 in cash for each Norfolk Southern share, valuing NS at about $320 per share.
The merger still requires final approval from the Surface Transportation Board, which will review concerns over competition, shipping costs, and market concentration.
The transaction is expected to close by early 2027.
Los accionistas aprueban una fusión de 85 mil millones de dólares entre Union Pacific y Norfolk Southern, pendiente de la aprobación regulatoria, para crear un único ferrocarril transcontinental.