(Source: Editorial in the Roanoke Times, January 14, 2016)
ROANOKE, Va. — If Canadian Pacific’s opening move was to make an offer to acquire Norfolk Southern (actually three offers, all rejected), Norfolk Southern’s defensive gambit has been to raise the specter that federal regulators won’t go along with a merger – and to put pressure on regulators to do just that. Canadian Pacific may be targeting shareholders; Norfolk Southern is lining up politicians and customers. This is a political fight as much as it is a proxy fight.
Full story: Roanoke Times