Union Pacific Rejects Government Investment in Proposed $85 Billion Rail Merger

Union Pacific has made it clear that it does not require government funding or ownership participation to move forward with its proposed $85 billion merger with Norfolk Southern, despite recent comments from U.S. President Donald Trump suggesting the federal government could consider taking a stake in strategically important companies.  Speaking in an interview with CNBC, Union Pacific CEO Jim Vena dismissed the idea that outside financial assistance would be necessary to complete the landmark transaction.  “We’re a company that can afford to handle what the price is for this deal,” Vena said....

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