Jim Cramer Says Norfolk Southern and UNP "Will Get the Deal Done, But Not For a Long Time"

Norfolk Southern Corporation (NYSE:NSC) is one of the stocks Jim Cramer recently talked about. During the episode, Cramer discussed the company’s possible acquisition by Union Pacific. He said:

“The rash of takeovers didn’t for once sour, it didn’t create any buying, and not even Union Pacific buying Norfolk Southern, truly creating a continent-wide railroad colossus, assuming the deal gets approved. Now, that’s much more likely under Trump than it was under Biden. But there are legitimate antitrust concerns. I think they will get the deal done, but not for a long time. Hence why target Norfolk Southern saw its stock drop $8 and 72 cents, although it’s still up nicely from when my colleague David Faber broke the story a few weeks ago, when you could still profit from it.”

Norfolk Southern (NYSE:NSC) provides rail transportation for goods, including agricultural products, chemicals, industrial materials, automotive parts, and coal. Moreover, the company supports international freight and intermodal logistics.

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Disclosure: None. This article is originally published at Insider Monkey.