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Joele Frank handles Norfolk Southern as its merges with Union Pacific in a cash and stock deal to create a giant valued at $250B.
The deal creates a transcontinental railroad of more than 50K miles of track across 43 states and serving about 100 ports.
The partners claim the transaction “will transform the U.S. supply chain, unleash the industrial strength of American manufacturing, and create new sources of economic growth and workforce opportunity that preserve union jobs.”
UP CEO Jim Vena, who will helm the Union Pacific Transcontinental Railroad, called the merger a win for the American economy, "it's a win for our customers, and it’s a win for our people.”
The deal “builds on President Abraham Lincoln’s vision of a transcontinental railroad from nearly 165 years ago and advances our safety, service and operational excellence strategy,” added Vena, who will remain in the top job for at least five years.
Joele Frank, Wilkinson Brimmer Katcher’s Joseph Sala, Sophie Throsby and Lucas Pers handle media for Norfolk Southern.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
Uber’s Mike Lucarelli is moving to NXP Semiconductors as senior VP-investor relations.
