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.

Senate Democratic Leader Chuck Schumer criticized Union Pacific's plan to acquire Norfolk Southern in a $85 billion deal to create the first U.S. coast-to-coast freight rail operator.

Norfolk Southern has significant infrastructure and history ties to Petersburg. Will its merger with Union Pacific untie ...

Following the July announcement that Union Pacific finalized a deal to acquire Norfolk Southern (pending regulatory approval), we are raising our fair value estimate to $285 per share, from $233.