surface transportation board Archives | Page 2 of 2

CP scraps plans to buy Norfolk Southern

By Reuters April 11, 2016

Reuters — Canadian Pacific Railway said on Monday it had scrapped efforts to buy Norfolk Southern, almost six months after it launched its unsolicited US$28 billion bid for the fourth-largest […] Read more

Crops, Machinery

U.S. Justice Dept. urges rejection of CP voting trust

By Nick Carey, Tim Ahmann April 9, 2016

Reuters — The U.S. Justice Department on Friday urged a regulator to reject a voting trust Canadian Pacific Railway (CP) has proposed as part of its takeover bid for U.S. […] Read more

Crops

CP to weigh options after another Norfolk rejection

By Farmtario Staff December 23, 2015

U.S. railway Norfolk Southern has rejected another new marriage proposal from Canadian Pacific Railway (CP), leaving the Calgary-based rail firm to “review its strategic alternatives.” Norfolk Southern said Wednesday its […] Read more

Crops, Machinery

CP revises hostile bid for Norfolk Southern, again

By Allison Lampert, Euan Rocha December 16, 2015

Reuters — Canadian Pacific Railway slammed railway Norfolk Southern on Wednesday, accusing it of misleading investors even as CP executives rolled out a new bid with increased shareholder protections to […] Read more

Crops, Machinery

U.S. railway Norfolk Southern rejects CP offer

By Ankit Ajmera, Sneha Banerjee December 4, 2015

Reuters — U.S. railroad operator Norfolk Southern said Friday its board had rejected Canadian Pacific Railway’s US$28.4 billion offer, calling it “grossly inadequate” and could face substantial regulatory hurdles. A […] Read more