{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-167156","form_type":"8-K","ticker":"NSC","cik":"0000702165","company_name":"NORFOLK SOUTHERN CORP","filed_at":"2025-07-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.178547+00:00","generated_at":"2026-05-17T23:52:08.381442+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 $320/sh; creates first transcontinental railroad","bullets":["Transaction values Norfolk Southern at $85B enterprise; combined enterprise over $250B.","Norfolk Southern shareholders to receive 1.0 UNP share + $88.82 cash per NSC share; $320 implied value.","Expected annualized synergies of approximately $2.75B; STB approval required; target close early 2027.","Combined network of over 50,000 route miles across 43 states, linking ~100 ports.","Union Pacific will issue ~225M shares; NSC shareholders to own 27% of combined company."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-167156","json":"https://secwatch.observer/filing/0001193125-25-167156.json","markdown":"https://secwatch.observer/filing/0001193125-25-167156.md","text":"https://secwatch.observer/filing/0001193125-25-167156.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/702165/000119312525167156/0001193125-25-167156-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/702165/000119312525167156/d936589d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T23:52:08.381442+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"}