Union Pacific

A settlement has been reached in a class-action suit filed against Union Pacific following a May 27, 2000, derailment near Eunice, La., the railroad announced Tuesday (May 25, 2004).

Union Pacific Corporation said May 11, 2004, it had been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC) of Toronto, Canada, to purchase up to 2 million shares, or less than 1 percent, of the outstanding common stock of Union Pacific at a price of $56.80 per share.

As part of a campaign to bring transparency and accountability to corporate political contributions, the Center for Political Accountability (CPA) is urging Union Pacific Corporation shareholders to support a resolution that asks the company to disclose and explain the business purpose of its political donations.