Union Pacific Corporation
Union Pacific Shareholders Approve Norfolk Southern Merger
Summary
On November 14, 2025, Union Pacific Corporation held a special meeting of shareholders to consider proposals related to its Agreement and Plan of Merger with Norfolk Southern Corporation. The meeting resulted in the approval of the issuance of Union Pacific common stock pursuant to the Merger Agreement by 99.5% of votes cast, and the adjournment proposal to solicit additional proxies if necessary. The transaction remains subject to regulatory approvals and other customary closing conditions. For more details, refer to the press release attached as Exhibit 99.1.
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About Union Pacific Corporation
Union Pacific Corporation is a prominent transportation company renowned for its extensive network of railroads across the United States. As one of the largest freight transportation services in North America, it operates a significant portion of the American rail infrastructure, serving approximately 23 states across the western two-thirds of the United States. Union Pacific Corporation's primary function is to transport freight, which includes a diverse array of commodities such as agricultural products, automotive items, industrial chemicals, coal, and a wide range of consumer goods. This railroad operator plays a crucial role in the supply chain, providing essential links between producers and markets, thereby facilitating economic growth and development. The company’s operations are integral to the industries it serves, providing a reliable mode of bulk transportation and contributing to the efficiency and competitiveness of U.S. businesses. With a history dating back to 1862, Union Pacific Corporation is a fundamental pillar in the American transportation sector, representing a robust and enduring legacy in the railroad industry.
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