December 17, 2015 | CP, Headlines, NS
(Source: Bloomberg, December 15, 2015) NEW YORK — Canadian Pacific Railway’s latest bid for Norfolk Southern fell flat with investors, just like the one that came before it. With each underwhelming offer, the company risks getting beaten at its own game. Full...
December 17, 2015 | CP, Headlines, NS
(Source: Globe and Mail, December 16, 2015) TORONTO — Canadian Pacific Railway Ltd. will seek a merger with another railway if Norfolk Southern Corp. shareholders don’t push the company to discuss a merger, warns Bill Ackman, a CP board member and head of the...
December 17, 2015 | CP, Headlines, NS
(Source: Norfolk Southern press release, December 16, 2015) NORFOLK, Va. — Norfolk Southern Corporation today confirmed that the Company’s board of directors will carefully consider the publicly disclosed, revised proposal from Canadian Pacific with the...
December 17, 2015 | CP, Headlines, NS
(Source: Canadian Press, December 16, 2015) CALGARY — Canadian Pacific Railway’s chief executive says he’s not averse to a bare-knuckle takeover brawl as the company enhanced its bid for Virginia-based Norfolk Southern with a variable payment that could...
December 17, 2015 | CP, Headlines, NS
(Source: Virginian-Pilot, December 16, 2015) NORFOLK, Va. — Canadian Pacific has sweetened its merger offer to Norfolk Southern Corp., though the sugar would kick in only if the stock price of the newly combined company fell below a certain threshold in 2017. Full...
December 16, 2015 | CP, Headlines, NS
(Source: Dow Jones Newswires, December 14, 2015) WASHINGTON, D.C. — Norfolk Southern Co. on Monday officially rejected Canadian Pacific Railway Ltd.’s latest $30 billion bid to merge the two railroads, bringing the rivals a step closer to a potential proxy...
December 16, 2015 | CP, Headlines, NS
(Source: Associated Press, December 15, 2015) OMAHA, Neb. — Canadian Pacific said Tuesday that getting regulatory approval for its proposed multi-billion-dollar purchase of Norfolk Southern shouldn’t be a problem. Norfolk Southern has rejected two cash-and-stock...
December 16, 2015 | CP, Headlines, NS
(Source: Railway Age, December 15, 2015) NEW YORK — December 7, 2015: A day that will live in infamy for anyone attempting to follow the volley of legalese and rhetoric being tossed about by Canadian Pacific and Norfolk Southern as CP attempts to marry up with NS in...
December 16, 2015 | CP, Headlines, NS
(Source: Norfolk Southern press release, December 15, 2015) NORFOLK, Va. — Norfolk Southern Corporation (NYSE: NSC) today commented on Canadian Pacific’s response to the white paper prepared by former Surface Transportation Board (“STB”)...
December 16, 2015 | CP, Headlines, NS
(Source: Canadian Pacific Railway press release, December 15, 2015) CALGARY, Alberta — Canadian Pacific today responded to Norfolk Southern’s December 7, 2015 white paper. The full text of CP’s white paper is below. Full story: CP Rail press...
