Union Pacific, Norfolk Southern down after federal regulator pauses merger review
28/05/2026 15:21
BUZZ-Union Pacific, Norfolk Southern down after federal regulator pauses merger review ** Shares of railroad operators Union Pacific UNP.N and Norfolk Southern NSC.N down 4.5% and 5.3%, respectively, in morning trading
** The U.S. Surface Transportation Board says it has paused the review of UNP and NSC's $85 billion merger application, while it seeks more information from the companies
** "Several aspects of the revised application... are unclear or underdeveloped and require supplementation at this stage," it added
** Including session's moves, UNP up 15.4% and NSC gained 6.5% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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