(Source: Bloomberg, October 13, 2014)
NEW YORK — After being spurned by CSX, Canadian Pacific could make another approach or consider another target, said a person familiar with the matter. CSX, the largest railroad in the eastern U.S., would also be a good fit for western carrier Union Pacific Corp., said Sanford C. Bernstein & Co. Should Canadian Pacific triumph, the next logical transcontinental combination would be Norfolk Southern Corp. and Canadian National Railway Co., said Avondale Partners LLC.
Full story: Bloomberg