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Union Pacific seeks to buy Norfolk Southern in $85bn merger deal

Deal would create first transcontinental US railroad worth more than $200bn and could trigger wave of mergersUnion Pacific is seeking to buy Norfolk Southern in a deal valued at $85bn in a merger that could trigger the final wave of railroad mergers across the US.The deal would create the first transcontinental railroad in the country worth more than $200bn, combining Union Pacific’s rail network in the west with Norfolk’s rails that snake across eastern states. Continue reading...

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