Norfolk Southern (NSC) shares moved higher after the Wall Street Journal reported Union Pacific (UNP) is in talks to acquire the railroad. CSX (CSX), which traded up Friday after Semafor reported Thursday night Union Pacific is exploring a takeover of a rival but didn’t mention a name, is trading down 1% to $34.06 following the Journal’s report. Union Pacific is down 1% to $225.00 in after-hours trading.
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Read More on NSC:
- Union Pacific considers deal for Norfolk Southern, WSJ reports
- CSX upgraded to Buy at BofA after report of Union Pacific interest in M&A
- Norfolk Southern price target raised to $305 from $290 at BofA
- Union Pacific weighs potential takeover of a rival, Semafor reports
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