December 9, 2015 | CP, Headlines, NS
(Source: Forbes, December 8, 2015) NEW YORK — Stung by a seemingly unconditional rejection of its $28 billion takeover bid for Norfolk Southern, Canadian Pacific returned to the table on Tuesday with a new offer that included less cash and an overall value its target...
December 1, 2015 | CP, Headlines, Oil Train
(Source: Globe and Mail, November 30, 2015) TORONTO — Canadian Pacific Railway Ltd. says it will fight a $409-million lawsuit the province of Quebec has launched over the 2013 Lac-Mégantic oil train explosion that killed 47 people. Full story: Globe and...
November 30, 2015 | CP, Headlines, Oil Train
(Source: McClatchy News Service, November 25, 2015) WASHINGTON, D.C. — Concerns about the safety of crude oil trains loom over a proposed rail takeover that would create the largest rail system in North America. Full story: www.McClatchyDC.com
November 30, 2015 | CP, Headlines, NS
(Source: Fortune, November 25, 2015) NEW YORK — Last week, Canadian Pacific Railway made a $28.4 billion takeover bid for Norfolk Southern that would create North America’s third-largest railroad by revenue behind Union Pacific and BNSF. The combined company would own...
November 30, 2015 | CP, Headlines, Oil Train
(Source: CBC News, November 17, 2015) MONTREAL — The Quebec government is suing Canadian Pacific Railway (CP) for $409 million in damages as a result of the 2013 tragedy at Lac-Mégantic. The lawsuit, filed on Friday at Quebec Superior Court, claims CP failed to take...
November 25, 2015 | CP, Headlines, NS
(Source: Globe and Mail, November 24, 2015) TORONTO — Canadian Pacific Railway Ltd. is still waiting for Norfolk Southern Corp. to respond to a $29-billion (U.S.) takeover offer made more than a week ago. Full story: Globe and Mail
November 24, 2015 | CP, Headlines, NS
(Source: Globe and Mail, November 23, 2015) TORONTO — Canadian Pacific Railway Ltd. says it has no plans to move its headquarters out of Canada as it tries to build a transcontinental railroad with the $29-billion (U.S.) takeover of Virginia-based Norfolk Southern...
November 24, 2015 | CP, Headlines, NS
(Source: Bloomberg, November 23, 2015) NEW YORK — Canadian Pacific Railway Ltd. expects to generate substantial proceeds by selling surplus land owned by Norfolk Southern Corp. if its proposed $28 billion takeover of the U.S. railroad goes ahead. Full story: Calgary...
November 23, 2015 | CP, Headlines, NS
(Source: Natural Gas Intel, November 20, 2015) STERLING, Va. — Canadian Pacific Railway’s (CP) unsolicited $28 billion move to acquire a larger U.S. counterpart, Norfolk Southern Railroad, this week stirs questions and implications for the U.S. oil industry,...
November 23, 2015 | CP, Headlines, NS
(Source: Bloomberg, November 20, 2015) NEW YORK — Canadian Pacific Railway Ltd. is willing to sweeten its $28 billion takeover offer for Norfolk Southern Corp. and is “going to do everything we can” to court the U.S. carrier’s shareholders, Chief Executive Officer...
