February 17, 2012 | CN, CP, Headlines
(Full story: Globe and Mail, February 16, 2012) TORONTO — Canadian National Railway Co. is positioning itself to become a major transporter of potash and coal by increasingly pushing onto the turf of embattled Canadian Pacific Railway Ltd. Full story: Globe and...
February 15, 2012 | CP, Headlines
(Source: Bloomberg News, February 15, 2012) NEW YORK — Pershing Square Capital Management LP, the hedge fund run by William Ackman, boosted its stake in Canadian Pacific Railway Ltd. (CP) to about 14 percent of the company’s stock and cut its holding in Kraft Foods...
February 13, 2012 | CN, CP, Headlines
(Source: Toronto Star, February 13, 2012) TORONTO — CN Railway is moving to permanently pull nearly $40 million in pensions and other payments owed to former chief executive Hunter Harrison because he is now openly courting the top job at rival CP Rail. Full story:...
February 10, 2012 | CP, Headlines
(Source: Calgary Herald, February 9, 2012) CALGARY, Alberta — Embattled Canadian Pacific CEO Fred Green again hit back at those attempting to oust him, insisting his plan is the best way to improve the railway’s performance and casting his challenger’s as...
February 9, 2012 | CP, Headlines
(Source: Bloomberg News, February 9, 2012) NEW YORK — Canadian Pacific Railway Ltd. defended its 2008 purchase of U.S. rail line Dakota, Minnesota & Eastern (DM&E) after its biggest shareholder, William Ackman, called the $1.48 billion acquisition a...
February 8, 2012 | CP, Headlines
(Source: Canadian Pacific Railway press release, February 6, 2012) CALGARY, Alberta — Canadian Pacific today issued the following statement in response to Pershing Square Capital Management, L.P.’s town hall meeting for Canadian Pacific shareholders:...
February 8, 2012 | CP, Headlines
(Source: Reuters Canada, February 8, 2012) TORONTO — William Ackman has momentum working in his favor in his battle to shift the balance of power on Canadian Pacific Railway’s board and install his hand-picked candidate as chief executive of North...
February 8, 2012 | CP, Headlines
(Source: Bloomberg News, February 7, 2012) NEW YORK — William Ackman, the investor seeking a management change at Canadian Pacific Railway Ltd., said his proposed chief would consider selling the Dakota, Minnesota & Eastern Railroad (DM&E), acquired by CP...
February 7, 2012 | CN, CP, Headlines
(Source: Calgary Herald opinion column, February 7, 2012) CALGARY, Alberta — The issue is whether Hunter Harrison can deliver at CP Rail as he did at CN. After all, changing a corporate culture — especially at a place like Canadian Pacific — won’t be easy. And,...
February 7, 2012 | CN, CP, Headlines
(Source: Bloomberg News, February 6, 2012) WASHINGTON, D.C. — Canadian Pacific Railway Ltd.’s (CP) support for Chief Executive Officer Fred Green doesn’t make sense because the company’s performance trails all of its North American peers, the railroad’s largest...
