Union Pacific to Acquire Norfolk Southern in $85 Billion Stock-Cash Rail Merger
1. Union Pacific plans to acquire Norfolk Southern, valued at $320 per share. 2. Norfolk shareholders will receive UP shares and $88.82 in cash. 3. Merger aims to create a $200 billion rail giant. 4. Both companies will submit a merger plan to regulators soon. 5. Norfolk's recent earnings fell slightly below expectations.