Railroad operator Union Pacific (UNP) is reportedly close to acquiring Norfolk Southern (NSC) for $320 per share in a cash-and-stock deal, which would give its smaller rival a valuation of about $72 billion.

Norfolk Southern (NSC) has experienced a noticeable price increase of 25% over the last quarter. This robust upward movement is largely linked to the ongoing merger discussions with Union Pacific Corporation,

The combination of two large rail companies would create the first coast-to-coast network, but the deal could reduce competition.