{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-270046","form_type":"8-K","ticker":"UNP","cik":"0000100885","company_name":"UNION PACIFIC CORP","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.506471+00:00","generated_at":"2026-05-16T23:19:04.462049+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Union Pacific and Norfolk Southern supplement merger proxy after shareholder lawsuits","bullets":["Three lawsuits filed in NY Supreme Court challenging merger disclosure; Union Pacific and Norfolk Southern deny claims.","Morgan Stanley applied AV/EBITDA multiples of 11.5x-13.5x to NS and 12.5x-14.5x to UNP in fairness analyses.","BofA's DCF for NS used terminal multiples 11.0x-13.0x, discount 8.5%-10.0%; for UNP term multiples 12.0x-14.0x.","Broker price targets: NS range $174-$300 (median $279); UNP range $202-$275 (median $260).","Parties mooting claims voluntarily without admitting liability; special shareholder meetings Nov 14, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-270046","json":"https://secwatch.observer/filing/0001193125-25-270046.json","markdown":"https://secwatch.observer/filing/0001193125-25-270046.md","text":"https://secwatch.observer/filing/0001193125-25-270046.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/100885/000119312525270046/0001193125-25-270046-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/100885/000119312525270046/d84472d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:19:04.462049+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"}