Union Pacific-Norfolk Southern Merger: Why the Stocks Are Dropping - Barron's
1. Norfolk Southern and Union Pacific announced a merger for a transcontinental railroad. 2. The deal values NSC at $320 per share, impacting current shareholders. 3. NSC shares are trading 13% below the implied merger price. 4. Regulatory hurdles could affect the merger's completion timeline. 5. Earnings report is overshadowed by merger developments.