Federal Regulator Pauses Review of Union Pacific-Norfolk Southern $72 Billion Merger
A federal regulator paused its review of Union Pacific's planned merger with Norfolk Southern, threatening the timetable for the roughly $72 billion transaction. Shares of Union Pacific and Norfolk Southern slumped the most in more than a year after the halt.
The proposed combination would be the biggest rail deal ever, and the pause could delay the companies' timetable for completing it.
From the sources (2 posts)
@wsjA federal regulator is pushing pause on its review of the blockbuster merger between Union Pacific and Norfolk Southern, imperiling the timetable of their $71.5 billion railroad deal
@businessShares of Union Pacific and Norfolk Southern slumped the most in more than a year after a key regulator paused its review of their planned $72 billion merger, potentially delaying what would be the biggest rail deal ever.