Union Pacific has signed an agreement to acquire Norfolk Southern in a stock and cash transaction, at an enterprise value of $85bn, which will result in a combined enterprise worth over $250bn.

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The move comes as part of a merger where Union Pacific will be acquiring Norfolk Southern, and together they'll form a ...

Discover the best scenic train rides across the US this summer, from coastlines and Rockies to historic steam journeys.

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Union Pacific acquires Norfolk Southern, forming the first U.S. transcontinental railroad. Read the latest stock analysis on ...