US transport regulator resumes review of Union Pacific’s proposed Norfolk merger
4 Articles
4 Articles
US transport regulator resumes review of Union Pacific’s proposed Norfolk merger
Aug 18 (Reuters) - The U.S. Surface Transportation Board on Tuesday said it has resumed consideration of Union Pacific's proposed merger with Norfolk Southern, while stressing that the move does not signal approval of the $85-billion deal. • The boar...
The Terrestrial Transport Board (STB) reported that it resumed the procedural timetable for the consideration of the merger application submitted by Union Pacific (UP) and Norfolk Southern (NS). “It is important to note that this decision does not constitute a resolution on the substance of the merger application or on the issues raised by commentators or in the motions submitted since the submission of the applicants on 27 July. The Board will …
STB Sets Timeline For Merger Review
The U.S. Surface Transportation Board announced on Aug. 18 that the earliest it would make a final decision on Union Pacific’s proposed acquisition of Norfolk Southern would be the second half of 2027. The board ruling came less than a month after UP and NS filed additional information with the federal regulator that will either approve or deny the largest railroad merger ever proposed in American history. According to the timeline issued by the…
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