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Union Pacific, Norfolk Southern Merger Review Advances As STB Rejects Opponents' Dismissal Requests
Source: Nasdaq
M&A & RestructuringTransportation & LogisticsRegulation & Legislation
The Surface Transportation Board unanimously denied opponents' requests to dismiss Union Pacific and Norfolk Southern's revised merger application. The ruling allows the proposed railroad combination to continue through the regulatory-review process, a modestly positive development for both companies.
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