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Stock impact report

Union Pacific (UNP) Faces Near-Term Pressure After Merger Setback, Susquehanna Says [Yahoo! Finance]

Union Pacific Corporation (UNP) 
Last union pacific corporation earnings: 4/23 08:00 am Check Earnings Report
US:NYSE Investor Relations: up.com/investors
Company Research Source: Yahoo! Finance
On January 19, Susquehanna said it expects Union Pacific Corporation (NYSE:UNP) shares to trade modestly lower on Tuesday after the US Surface Transportation Board rejected the company's proposed merger with Norfolk Southern. The decision was issued “without prejudice,” meaning the door is still open. The board invited the companies to resubmit the application once the gaps are addressed, according to the analyst's note. Susquehanna said it still believes the deal will eventually get approved and kept a Buy rating on Union Pacific. The regulatory pushback was confirmed in a Reuters report. The STB sent Union Pacific's proposed $85 billion merger back for revision, saying the filing lacked required information. The review comes as regulators revisit what enhanced competition should look like under stricter merger rules adopted in 2001. In its ruling, the board said the December application was incomplete. It cited missing projections around market share and competitive impact. By Show less Read more
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