(Source: The Globe and Mail, April 3, 2012)
CALGARY — New York investor Bill Ackman has recruited a U.S. rail legend to bolster his campaign to shake up Canadian Pacific Railway Ltd.
Mr. Ackman’s fund Pershing Square Capital Management LP said Monday that retired Norfolk Southern Corp. vice-chairman Stephen Tobias joins an expanded slate of alternative directors, which now numbers seven, that will be put to a shareholder vote at CP’s annual meeting May 17 in Calgary.
Full story: The Globe and Mail