Union Pacific shareholders approve Norfolk Southern merger; 99.5% votes in favor

UNION PACIFIC CORP

99.5% of votes cast (465.9M for, 2.2M against) approved share issuance for Norfolk Southern merger.
Nearly 80% of outstanding shares voted; special meeting held November 14, 2025.
Transaction remains subject to Surface Transportation Board review and customary closing conditions.
CEO Jim Vena: merger will create America's first coast-to-coast railroad, enhancing service, growth, and innovation.

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