Railroads set shareholder vote on transcontinental merger
Union Pacific and Norfolk Southern will hold shareholder votes Nov. 14 seeking investor approval of their proposed $85 billion transcontinental railroad merger. The railroads will each hold separate but simultaneous virtual shareholder meetings, with UP’s scheduled for 8 a.m. Central and NS’s at 9 a.m. Eastern, the railroads said in proxy materials sent to investors. Both railroads’ boards unanimously approved the merger agreement that was announced on July 29 and are urging investors to back the transa ...