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 | Headlines, NS, Short Line
(Source: Barron’s, November 14, 2015) NEW YORK — If giants module article chiclet Canadian Pacific Railway and module article chiclet Norfolk Southern Railway merge their tens of thousands of miles of North American track, one beneficiary could be a company that not...
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...
November 20, 2015 | CP, Headlines, NS
(Source: Bloomberg, November 20, 2015) NEW YORK — Canadian Pacific Railway Ltd.’s debt load would surge to more than double the industry average if it succeeds with its $28 billion bid for Norfolk Southern Corp., a heavy burden even with the combined company’s...
November 20, 2015 | CP, Headlines, NS
(Source: Bloomberg, November 19, 2015) NEW YORK — Norfolk Southern Corp.’s investors can win even if Canadian Pacific Railway Ltd.’s $28 billion takeover offer fails. Full story: Bloomberg
November 20, 2015 | CP, Headlines, NS
(Source: Canadian Press, November 19, 2015) MONTREAL — North America’s largest railway may not be headquartered in Canada in the event of a merger between Canadian Pacific and Norfolk Southern, CP Rail chief executive Hunter Harrison said Thursday. Full story:...
November 20, 2015 | CP, Headlines, NS
(Source: Bloomberg, November 19, 2015) NEW YORK — Canadian Pacific Ltd. Chief Executive Officer Hunter Harrison said he offered his counterpart at Norfolk Southern Corp. a CEO position if he would agree to a takeover proposal. Full story:...
