secwatch.observer — SEC 8-K summary
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Issuer:     UNION PACIFIC CORP (UNP)
CIK:        0000100885
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0001193125-25-168150
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Pacific to acquire Norfolk Southern for 1 UNP share + $88.82 cash per NSC share
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- Each Norfolk Southern share exchanged for 1 Union Pacific share plus $88.82 cash.
- Deal requires Surface Transportation Board approval, shareholder votes of both companies, and other conditions.
- Union Pacific pays $2.5B termination fee if regulatory approvals not obtained or board withdraws recommendation.
- Norfolk Southern CEO and Chair expected to join Union Pacific board after closing.
- Merger must close by January 28, 2028, with automatic extension for regulatory process.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100885/000119312525168150/0001193125-25-168150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100885/000119312525168150/d51641d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-168150

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