by gokeefe
Notable:
Per Street Insider Canadian Pacific has terminated any attempt at merging with Norfolk Southern.
Per Street Insider Canadian Pacific has terminated any attempt at merging with Norfolk Southern.
Canadian Pacific Railway Ltd. (NYSE: CP) announced that it has terminated efforts to merge with Norfolk Southern Corp. (NS), including the withdrawal of a resolution asking NS shareholders to vote in favour of good-faith negotiations between the two companies. No further financial offers or overtures to meet with the NS board of directors are planned at this time.Any barriers this merger attempt may have presented to interest by Amtrak in extending or increasing services on NS owned tracks are now moot.
gokeefe