Union Pacific strikes $85B deal to buy rival Norfolk that would create US' first coast-to-coast rail operator
1. Union Pacific plans to acquire Norfolk Southern for $85 billion. 2. Deal creates coast-to-coast freight rail operator, merging vast networks. 3. Expected annual synergies of $2.75 billion, but faces regulatory scrutiny. 4. Union concerns may delay merger, citing job losses and service disruptions. 5. Competitors may pursue their own mergers if this deal is approved.