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, 2016Canadian Pacific Railway
Logistics 
MattysFlicks/Flickr
US Army Takes Aim at Canadian Pacific, Norfolk Southern Railroad Merger Plan
MattysFlicks/Flickr Logistics 
TT File Photo
Norfolk Southern Sets May 12 Showdown Over Canadian Pacific Acquisition Bid
TT File PhotoNorfolk 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/FlickrCanadian 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 HarrisonCanadian 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/FlickrCanadian 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/ FlickrMore 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 NewsNorfolk 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/FlickrTwo 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/FlickrIndustry 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 Logistics 
Andrew Harrer/Bloomberg News
Norfolk Southern Turns Down Third Acquisition Offer, Calling Canadian Pacific’s Bid ‘Grossly Inadequate’
Andrew Harrer/Bloomberg NewsCanadian Pacific Railway Ltd. is weighing options such as a proxy fight after Norfolk Southern Corp.’s board of directors for the third time rejected an acquisition offer as “grossly inadequate” and unlikely to pass regulatory muster.
January 4, 2016