(Source: Reuters opinion column by Robert Cryan, November 10, 2015)
NEW YORK — Canadian Pacific Railway may yet manage to cross the border. The $22 billion railroad company may try to buy slightly larger Norfolk Southern. If CP can boost its U.S. rival’s operating efficiency toward its own higher level, the result would be at least $7 billion worth of cost savings. That’s enough to cover a premium and compensate for the risk of an antitrust derailment.
Full story: Reuters