---
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"
generated_at: "2026-05-17T23:52:08.381442+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Union Pacific to acquire Norfolk Southern for $320/sh; creates first transcontinental railroad

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-167156
- JSON: https://secwatch.observer/filing/0001193125-25-167156.json
- Plain text: https://secwatch.observer/filing/0001193125-25-167156.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.