SECENDS - UNP

2025

Q4 1 filings

Nov 6

Union Pacific Corporation enters into agreement to merge with Norfolk Southern Corporation

Three lawsuits filed in New York Supreme Court challenging the mergers

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Q3 3 filings

Sep 10

Q3 2025 Conference Commentary & Merger Update

$50M merger expenses, share buybacks paused

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Jul 29

Acquired Norfolk Southern Corp

$88.82 cash + 1 share per NSC share, $2.5B termination fee

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Jul 29

Acquired Norfolk Southern

Merger agreement executed July 28, 2025

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