(Source: Bloomberg, October 26, 2016)
NEW YORK — Norfolk Southern was right: It didn’t need Bill Ackman’s help. It’s been about a year since the $27 billion railroad found itself on the receiving end of Canadian Pacific’s takeover advances, with the then-Ackman-backed carrier arguing that its CEO Hunter Harrison would do a better job turning around the business than his counterpart at Norfolk Southern, Jim Squires.
Full story: Bloomberg