(Source: Forbes, December 8, 2015)
NEW YORK — Stung by a seemingly unconditional rejection of its $28 billion takeover bid for Norfolk Southern, Canadian Pacific returned to the table on Tuesday with a new offer that included less cash and an overall value its target immediately dismissed as a price cut. The cash value of Canadian Pacific’s offer fell from nearly $14 billion to less than $10 billion, and its total price dropped to $91.62 from $92.06, Norfolk Southern said.
Full story: Forbes