Latest news with #UnionPacific
Yahoo
3 hours ago
- Business
- Yahoo
Union Pacific Corporation (UNP) Might Struggle With The CSX Deal, Says Jim Cramer
We recently published . Union Pacific Corporation (NYSE:UNP) is one of the stocks Jim Cramer recently discussed. Union Pacific Corporation (NYSE:UNP)'s shares are flat year-to-date as they have yet to recover from a 12% drop in April after President Trump announced his Liberation Day tariffs. Over the past month, the stock is flat due to a 3.5% jump since late July after a robust earnings report saw its profit-per-share of $3.03 beat analyst estimates of $2.91 per share. Cramer discussed Union Pacific Corporation (NYSE:UNP) in the context of a merger with CSX: 'Well look they have a direct corridor, CSX, direct corridor connects South East Mexico, Texas, US Southeast. That's Union Pacific. Why would you let that happen? Why would you make it so that you have two railroads that have that area and not make it so that there's one. And I think Joe Hinrichs, the CEO of CSX, might not want this deal. He's young. He took over the railroad. He just got there.' ankush-minda-7KKQG0eB_TI-unsplash Previously, Cramer discussed Union Pacific Corporation (NYSE:UNP)'s merger and stressed that it was a possibility: 'CSX is going to merge with Union Pacific, am I off the rails? I am in charge of the rails. It's just the way, the people refuse to believe that this is a different government.' While we acknowledge the potential of UNP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
6 hours ago
- Business
- Yahoo
Union Pacific, Norfolk Southern aim to file merger application by Jan 29
WASHINGTON (Reuters) -The Surface Transportation Board said on Wednesday that Union Pacific and Norfolk Southern have formally filed a notice of intent to combine, triggering the U.S. regulatory review process for a proposed $85 billion merger between the two major railroads. The STB said the railroads intend to file their application by January 29. Once filed, the STB will consider the application and set a schedule for the merger review that could take a total of 12 to 18 months. Sign in to access your portfolio
Reuters
6 hours ago
- Business
- Reuters
Union Pacific, Norfolk Southern aim to file merger application by Jan 29
WASHINGTON, July 30 (Reuters) - The Surface Transportation Board said on Wednesday that Union Pacific (UNP.N), opens new tab and Norfolk Southern (NSC.N), opens new tab have formally filed a notice of intent to combine, triggering the U.S. regulatory review process for a proposed $85 billion merger between the two major railroads. The STB said the railroads intend to file their application by January 29. Once filed, the STB will consider the application and set a schedule for the merger review that could take a total of 12 to 18 months.
Yahoo
7 hours ago
- Business
- Yahoo
Union Pacific, Norfolk Southern aim to file merger application by Jan 29
WASHINGTON (Reuters) -The Surface Transportation Board said on Wednesday that Union Pacific and Norfolk Southern have formally filed a notice of intent to combine, triggering the U.S. regulatory review process for a proposed $85 billion merger between the two major railroads. The STB said the railroads intend to file their application by January 29. Once filed, the STB will consider the application and set a schedule for the merger review that could take a total of 12 to 18 months.
Yahoo
8 hours ago
- Business
- Yahoo
Union Pacific to Buy Norfolk Southern for $85 Billion
Union Pacific agrees to buy Norfolk Southern in a cash-and-stock transaction valued at $85 billion. The companies would combine to create a transcontinental railroad. The deal is expected to close in 2027, but there are antitrust hurdles to clear. Lee Klaskow of Bloomberg Intelligence is on "Bloomberg Open Interest."
