Union Pacific Forges Rail Behemoth in $72 Billion Norfolk Deal
www.bloomberg.com
Union Pacific Corp. agreed to acquire Norfolk Southern Corp. in a $72 billion cash-and-stock transaction, forming the only US transcontinental railroad in what stands to be the industry’s largest deal ever.

Hooray rail monopolies!

  • cryptTurtle@piefed.socialEnglish
    4·
    2 months ago

    The CEO that handled the merger more or less said “we thought the political climate was in our favor” so