Union Pacific Eyes Norfolk Southern Deal
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StockStory.org on MSN2d
Union Pacific (UNP) Stock Trades Down, Here Is WhyWhat Happened? Shares of freight transportation company Union Pacific (NYSE:UNP) fell 3.2% in the pre-market session after reports revealed the company was considering a major acquisition of an East Coast railroad.
Executives and insiders have speculated for months that a Trump presidency could usher in a fresh wave of rail consolidation.
Union Pacific appears to be using a familiar playbook that large, publicly traded companies trot out when considering mergers and acquisitions: Send up trial balloons and see how they fly. These trial balloons let management gauge market reaction,