No. of Recommendations: 4
BNSF Railway has hired Goldman Sachs (GS.N), and CSX Corp (CSX.O), is in talks to bring on financial advisers, as rival Union Pacific’s interest in acquiring Norfolk Southern sparked a wave of deal preparations that could reshape the U.S. freight rail industry, sources said.
The moves by BNSF, owned by Warren Buffett’s Berkshire Hathaway (BRKa.N), and Jacksonville-based CSX come after Union Pacific (UNP.N), began exploring a potential acquisition of Norfolk Southern (NSC.N), which could create a $200 billion coast-to-coast rail network and mark the most significant consolidation in the sector in decades.
reuters.com - Bnsf hires goldman csx seeks bankers union pacific sparks rail ma race sourcesHow did Buffett allow hiring of investment bankers for merger advise? I thought he loathed them.
