Canadian Pacific Railway terminated a plan to combine with Norfolk Southern Corp., ending the Canadian carrier’s efforts to complete the first merger among major railroads since 1999.
April 11, 2016Canadian Pacific Railway
Logistics
MattysFlicks/Flickr
US Army Takes Aim at Canadian Pacific, Norfolk Southern Railroad Merger Plan
MattysFlicks/Flickr
The U.S. Army said a Canadian Pacific Railway takeover of Norfolk Southern Corp. has the potential to harm national defense, adding opposition to the possible merger plan.
April 7, 2016
Logistics
TT File Photo
Norfolk Southern Sets May 12 Showdown Over Canadian Pacific Acquisition Bid
TT File Photo
Norfolk Southern Corp. set a May 12 showdown with potential buyer Canadian Pacific Railway Ltd. by announcing that date for the annual meeting, where shareholders will say whether they want the board to negotiate a merger with the Canadian carrier.
March 29, 2016
Business
darinm16/Flickr
Canadian Pacific Asks STB to Rule on Viability of Norfolk Trust Structure
darinm16/Flickr
Canadian Pacific Railway is asking U.S. regulators to rule on the proposed voting trust structure it wants to use to acquire Norfolk Southern Corp.
February 16, 2016
Logistics
Canadian Pacific CEO Hunter Harrison
Canadian Pacific to Shift Strategy in Bid for Norfolk Southern
Canadian Pacific CEO Hunter Harrison
Canadian Pacific Railway Ltd., concerned that mounting political pressure may scuttle its proposed stock-and-cash bid for Norfolk Southern Corp., plans to change strategy to sway lawmakers and reverse the momentum.
January 22, 2016
Business
Eric Jacobi/Flickr
Canadian Pacific Seeks DOJ Review of 'Campaign' Against Norfolk Southern Deal
Eric Jacobi/Flickr
Canadian Pacific Railway Ltd. asked the U.S. Justice Department to look into a “collective campaign” by large railroads to block its hostile stock-and-cash bid for Norfolk Southern Corp.
January 19, 2016
Business
Norfolk Southern/ Flickr
Shippers, Legislators Skeptical About Bid by Canadian Pacific to Buy Norfolk Southern
Norfolk Southern/ Flickr
More than two dozen shippers and legislators expressed skepticism about the bid from Canadian Pacific Railway Ltd. to acquire Norfolk Southern Corp.
January 18, 2016
Logistics
Luke Sharrett/Bloomberg News
Norfolk Southern Finds Allies in Spurning Canadian Pacific Takeover Bid
Luke Sharrett/Bloomberg News
Norfolk Southern Corp. is gaining political and customer support for rejecting Canadian Pacific Railway Ltd.’s takeover bid, which could make it harder for the Canadian company and investor Bill Ackman to wage a proxy fight.
January 11, 2016
Government, Logistics
darinm16/Flickr
Two House Democrats Urge Rejection of Canadian Pacific Bid for Norfolk Southern
darinm16/Flickr
Two senior Democrats in the U.S. House of Representatives urged federal regulators on Jan. 6 to reject any acquisition bid for railroad operator Norfolk Southern Corp. by Canadian Pacific Railway Ltd.
January 7, 2016
Logistics
Steve Tatum/Flickr
Norfolk Southern Customers Lobby Regulators Against Canadian Pacific Bid
Steve Tatum/Flickr
Industry groups representing major freight customers of Norfolk Southern Corp. have asked the U.S. rail regulator to reject any bid for the railroad by Canadian Pacific Railway Ltd., according to letters viewed by Reuters.
January 4, 2016