{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-167154","form_type":"8-K","ticker":"UNP","cik":"0000100885","company_name":"UNION PACIFIC CORP","filed_at":"2025-07-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.119825+00:00","generated_at":"2026-05-17T23:28:36.603882+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Union Pacific to acquire Norfolk Southern for $85B enterprise value, creating first transcontinental railroad","bullets":["Deal values Norfolk Southern at $320/share (1.0 UNP share + $88.82 cash), 25% premium to 30-day VWAP.","Expected annualized synergies of ~$2.75B; combined enterprise over $250B.","Transaction expected to close by early 2027; subject to STB approval and shareholder votes.","Reverse termination fee of $2.5B; Debt/EBITDA of ~3.3x post-closing.","All union employees offered jobs; combined network spans 50,000 route miles, 43 states, ~100 ports."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-167154","json":"https://secwatch.observer/filing/0001193125-25-167154.json","markdown":"https://secwatch.observer/filing/0001193125-25-167154.md","text":"https://secwatch.observer/filing/0001193125-25-167154.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/100885/000119312525167154/0001193125-25-167154-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/100885/000119312525167154/d64537d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T23:28:36.603882+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}