(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 over 32,000 miles of track — more than enough to circle the globe—and control just over 20% of the North American market. But there are still some major barriers to getting the deal done.
Full story: Fortune