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Union Pacific Corp (UNP)-Norfolk: This Rival Seeks to Scuttle Merger
Canadian National Railway (CN) is opposing the proposed merger between Union Pacific Corp (UNP) and Norfolk Southern Corp (NSC), arguing that the merger application fails to adequately address competition concerns. While Union Pacific and Norfolk Southern assert that the merger will create America’s first transcontinental railroad, offering significant benefits to shippers, CN believes their proposed solutions for preserving competition are insufficient. This comes as Union Pacific is seen as a strong stock by some analysts and aims to close the transaction in early 2027.