December 9, 2015 | CP, Headlines, NS
(Source: Canadian Press, December 8, 2015) MONTREAL — Canadian Pacific Railway has dropped the gloves in its battle to acquire Norfolk Southern after the U.S. railway immediately rejected a revised takeover offer. The Calgary-based company enlisted the help of...
December 9, 2015 | CP, Headlines, NS
(Source: Virginian-Pilot, December 8, 2015) NORFOLK, Va. — Norfolk Southern Corp. confirmed Tuesday that it received a new merger proposal from Canadian Pacific, then promptly rejected it just a few days after spurning the first offer. Full story:...
December 9, 2015 | CP, Headlines, NS
(Source: Railway Age, December 7, 2015) NEW YORK — About 71% of rail shippers surveyed by Cowen and Company do not support a merger between Canadian Pacific (CP) and Norfolk Southern (NS), even though opposition to a Class I merger per se has dropped, the company...
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...
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 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,...
