Canadian National Railway (CN) reaches an agreement with Union Pacific that would end CN’s opposition to Union Pacific’s proposed U.S. merger involving Norfolk Southern, according to multiple reports. The arrangement is described as a trade-off: CN stops opposing the deal and, in return, receives additional network access in parts of the U.S. Midwest. One report characterizes the expected merger value as about US$85 billion. The details of the added access were not fully specified in the excerpts provided. The agreement is presented as a coordinated change in CN’s stance on the proposed transaction rather than as a separate corporate combination. Overall, the coverage aligns on the central points that CN and Union Pacific are negotiating terms linked to the U.S. mega-merger, CN’s previous opposition would be withdrawn, and CN would gain expanded operating or connectivity opportunities through the deal’s structure. The reports do not describe timing, regulatory outcomes, or specific operational terms in the provided text.
CN agrees to drop opposition to Union Pacific’s proposed U.S. Norfolk Southern merger
Canadian National Railway (CN) reaches an agreement with Union Pacific that would end CN’s opposition to Union Pacific’s proposed U.S. merger involving Norfolk Southern, according to multiple reports....
- CN agrees to end its opposition to Union Pacific’s proposed U.S. merger with Norfolk Southern.
- Union Pacific is described as proposing a large acquisition valued at about US$85 billion.
- The deal is structured as a concession: CN support is exchanged for increased access in the U.S. Midwest.
- The agreement between CN and Union Pacific is presented as a negotiated swap of opposition/support tied to rail network access.
- Coverage is consistent across outlets that the changes apply to Union Pacific’s merger proposal south of the border.
Deal would hand CN more network access in U.S. Midwest in exchange for its support for Union Pacific’s proposed US$85-billion acquisition of Norfolk Southern
2 hours agoMONTREAL — Canadian National Railway Co. and Union Pacific Corp. are striking a deal that would end CN's opposition to that rival's proposal for a massive merger south of the border.
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