** Union Pacific UNP.N down 1.3% premarket; CSX CSX.O up 4.5% and Norfolk Southern NSC.N up 2.6%
** UNP working with Morgan Stanley to explore an acquisition of a rival, Semafor reported Wednesday
** Report says merger would mean combining with one of two East Coast carriers: CSX or Norfolk Southern
** As of last close, S&P 500 Rail Transportation sub index .SPLRCRAIL up nearly 4% YTD
** UNP up 1.4% YTD, less than NSC at ~11% and CSX at ~3%
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@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.