Comment / Union + Norfolk – tangled $250bn rail M&A in the hands of Tariff Man

One rail M&A
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I talked to a senior US investor when rumours of blockbuster M&A in the rail sector emerged earlier this summer, $60bn-market-cap CSX at that time, on 17 July, being reported as a takeover target for virtually any of the other five North American Class I railroads.

Instead, a massive $250bn transcontinental merger between Union Pacific (UNP) and Norfolk Southern (NS) was disclosed towards the end of that month.

In the name of M&A

The transformational deal promoted by UNP CEO Jim Vena “builds ...

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    M&A radar Norfolk Southern Trump 2.0 Union Pacific Union Pacific-Norfolk Southern Warren Buffett