Union Pacific Corporation announced that 99.5% of votes cast by its shareholders were in favor of issuing new shares of Union Pacific common stock for the Norfolk Southern merger.
The merger aims to enhance service, growth, and innovation, unlocking new opportunities for both companies.
The transaction is subject to Surface Transportation Board (STB) review and approval, along with customary closing conditions.
Shareholder Approval
99.5% of Union Pacific shareholders voted in favor of the merger with Norfolk Southern.
Value Recognition
Shareholders see the value in the merger and its potential to improve service, growth, and innovation.
STB Review
The merger is pending STB review and approval, along with meeting customary closing conditions.
- The merger between Union Pacific and Norfolk Southern aims to provide seamless, single-line service across the country, improving transit times and reliability.
- The transaction is expected to strengthen the competitiveness of the U.S rail industry by enhancing service offerings and operational efficiency.
The successful shareholder approval and the potential benefits of the Union Pacific and Norfolk Southern merger signal a promising future for both companies.