(Source: Bloomberg, November 17, 2015)
NEW YORK — Canadian Pacific may want to rethink its definition of sizable. The $21 billion railroad operator said Tuesday that it had approached Norfolk Southern with an offer to buy the company for a “sizable premium” in cash and stock. Norfolk Southern shed some light on the terms a few hours later: $46.72 in cash and 0.348 of a Canadian Pacific share, or about $95 a share.
Full story: Bloomberg