July 29 (Reuters) - Union Pacific ( UNP ):

* UNION PACIFIC AND NORFOLK SOUTHERN TO CREATE AMERICA'S

FIRST

TRANSCONTINENTAL RAILROAD

* UNION PACIFIC CORP ( UNP ): TRANSACTION VALUES NORFOLK SOUTHERN AT

AN

ENTERPRISE VALUE OF $85 BILLION

* UNION PACIFIC CORP ( UNP ) - MERGER CREATES $250 BILLION

ENTERPRISE

* UNION PACIFIC CORP ( UNP ): PROPOSED DEAL FOR $320 PER SHARE

* UNION PACIFIC CORP ( UNP ) - NORFOLK SOUTHERN VALUED AT $85

BILLION

* UNION PACIFIC CORP ( UNP ) - NORFOLK SHAREHOLDERS TO RECEIVE 1

UNION

PACIFIC SHARE AND $88.82 CASH

* UNION PACIFIC CORP ( UNP ): TRANSACTION IS EXPECTED TO BE

ACCRETIVE TO

UNION PACIFIC'S ADJUSTED EPS PER SHARE IN SECOND FULL YEAR AFTER

CLOSING

* UNION PACIFIC CORP ( UNP ) - JIM VENA TO LEAD COMBINED COMPANY AS

CEO

* UNION PACIFIC CORP ( UNP ): DEAL EXPECTED TO UNLOCK ABOUT $2.75

BILLION

IN ANNUALIZED SYNERGIES

* UNION PACIFIC CORP ( UNP ): COMPANIES EXPECT TO FILE THEIR

APPLICATION

WITH STB WITHIN SIX MONTHS

* UNION PACIFIC WILL ACQUIRE NORFOLK SOUTHERN IN A STOCK AND

CASH

DEAL WITH AN ENTERPRISE VALUE OF $85 BILLION

* UNION PACIFIC CORP ( UNP ) - DEAL STRUCTURED WITHOUT A VOTING

TRUST AND

INCLUDES A $2.5 BILLION REVERSE TERMINATION FEE

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