July 26 (Reuters) - Union Pacific UNP.N, the largest U.S. railroad operator, could reach an agreement to acquire rival Norfolk Southern NSC.N as soon as early next week, Bloomberg News reported on Friday, citing people familiar with the matter.
Union Pacific had said on Thursday it is in advanced talks to acquire its rival, signaling that a deal to form a $200 billion coast-to-coast rail company could be close - and potentially trigger further consolidation among remaining freight rail giants.
Reuters could not immediately verify the report.
(Reporting by Anusha Shah in Bengaluru; editing by Diane Craft)
((AnushaDevang.Shah@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.