(Reuters) -The CEO of Union Pacific Jim Vena said on Wednesday that the railway operator will obtain the approval of the merger from the American administration because of the Southern Norfolk deal.
In July, Union Pacific announced that $ 85 billion was obtained for the smaller competitor, which, if approved, would create the first shipping railway operator in the country.
Speaking at the Morgan Stanley conference, Vienna said he met the elderly in the administration, who called the deal “a victory for the country.”
“Do I think we will agree to it? The answer is yes,” she added.
The merger faces an intense audit of the surface transport board, which received a notice of the intention of companies on July 30, 2025.
Companies are planning to submit an official request by January 29 and aim to close early 2017.
Last month, the White House launched Robert Primus, a STB member, as part of a broader chain of separation of independent agencies and commissions under President Donald Trumpadministration.
On Wednesday, the railway, which works primarily on the West Coast, said it expected $ 50 million of integration costs and temporarily stopped re -lip between while waiting for approval.
(Participated in the reports of the Tribathy and Sarkar in Bangaluru)
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