November 20, 2015 | CP, Headlines, NS
(Source: Trefis Team, November 19, 2015) NEW YORK — In this article we will look at the benefits of a potential merger and the stumbling blocks that could prevent it from being realized. Full story: Forbes
November 20, 2015 | CP, Headlines, NS
(Source: Associated Press, November 19, 2015) NEW YORK — Canadian Pacific’s chief executive said Thursday he remains optimistic about completing a merger with Norfolk Southern but executives at the Virginia-based railroad haven’t been willing to discuss...
November 19, 2015 | CP, Headlines, NS
(Source: Forbes, November 18, 2015) NEW YORK — A prospective of Norfolk Southern by Calgary-based Canadian Pacific could generate the kinds of tax savings for the combined company that the merger of Burger King and Ontario-based Tim Hortons yielded when it closed in...
November 19, 2015 | CP, Headlines, NS
(Source: Bloomberg, November 18, 2015) NEW YORK — Canadian Pacific’s offer of about $28 billion for Norfolk Southern renews Chief Executive Officer Hunter Harrison’s effort to link Canada’s second-largest carrier with one of the big operators in the...
November 19, 2015 | CP, Headlines, NS
(Source: CBC News, November 19, 2015) OTTAWA — Canadian Pacific Railway’s offer to buy U.S. rival Norfolk Southern is no sure thing, as the deal must meet numerous regulatory hurdles even if the management of both companies agree to go along. Full story: CBC...
November 19, 2015 | CP, Headlines, NS
(Source: Reuters, November 18, 2015) NEW YORK — Canadian Pacific Railway Ltd. said its proposed $28.4 billion acquisition of U.S. railroad operator Norfolk Southern Corp. would help the combined company to save at least $1.8 billion annually. Full story:...
November 19, 2015 | CP, Headlines, NS
(Source: Associated Press, November 18, 2015) NORFOLK, Va. — Canadian Pacific offered more details and defended its offer to join two of North America’s biggest railroads, but Norfolk Southern offered only a lukewarm response and regulators have expressed...
November 18, 2015 | CP, Headlines, NS
(Source: Canadian Pacific Railway press release, November 18, 2015) CALGARY, Alberta — Canadian Pacific today disclosed the contents of the offer letter it sent to Norfolk Southern Corp. (NS) on November 17, 2015 to clarify the details of a proposal that would result...
November 18, 2015 | CP, Headlines, NS
(Source: Railway Age, November 17, 2015) NEW YORK — It’s official: Canadian Pacific on Nov. 17, 2015 sent an offer letter to Norfolk Southern proposing a merger (an acquisition, really) “that would create a transcontinental railroad with the scale and reach to deliver...
November 18, 2015 | CP, Headlines, NS
(Source: Bloomberg, November 17, 2015) NEW YORK — Canadian Pacific may want to rethink its definition of sizable. The $21 billion railroad operator said Tuesday that it had approached Norfolk Southern with an offer to buy the company for a “sizable...
