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:...
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...
