🚆Union Pacific's Proposed Acquisition of Norfolk Southern Overview
Union Pacific Corporation and Union Pacific Railroad Company-Control-Norfolk Southern Corporation and Norfolk Southern Railway Company
Summary
Union Pacific Corporation (UPC) and Union Pacific Railroad Company (UP) (collectively, Union Pacific) and Norfolk Southern Corporation (NSC) and Norfolk Southern Railway Company (NS) (collectively, Norfolk Southern) (Union Pacific and Norfolk Southern collectively, Applicants) have notified the Surface Transportation Board (Board) of their intent to file an application seeking authority for the acquisition of control by UPC, through its wholly owned subsidiary Ruby Merger Sub 1 Corporation, of NSC and, through it, NS, and for the resulting common control by UPC of UP and NS. Applicants have indicated that 2023 will be the base year for their impact analysis and that they anticipate filing their application on or before January 29, 2026.
Agencies
- Surface Transportation Board
Business Impact
$$$ - High
The content discusses a major transaction where Union Pacific Corporation seeks to acquire Norfolk Southern Corporation, significantly impacting the rail industry and associated businesses. It outlines compliance requirements and implications for financial operations, highlighting the need for transparency and adherence to regulatory schedules and documentation.