Home Canadian Pacific terminates efforts to buy Norfolk Southern
 

Keywords :   


Canadian Pacific terminates efforts to buy Norfolk Southern

2016-04-11 14:45:19| Railroads - Topix.net

Canadian Pacific Railway Ltd said on Monday it had terminated efforts to buy Norfolk Southern Corp, almost six months after it launched its unsolicited bid. "We have long recognized that consolidation is necessary for the North American rail industry to meet the demands of a growing economy, but with no clear path to a friendly merger at this time, we will turn all of our focus and energy to serving our customers and creating long term value for CP shareholders," said Chief Executive Hunter Harrison said in a statement.

Tags: buy efforts southern pacific

Category:Transportation and Logistics

Latest from this category

All news

14.11Potential Tropical Cyclone Nineteen Forecast Discussion Number 2
14.11Potential Tropical Cyclone Nineteen Graphics
14.11Summary for Potential Tropical Cyclone Nineteen (AT4/AL192024)
14.11Potential Tropical Cyclone Nineteen Public Advisory Number 2
14.11Potential Tropical Cyclone Nineteen Wind Speed Probabilities Number 2
14.11Potential Tropical Cyclone Nineteen Forecast Advisory Number 2
14.11Atlantic Tropical Weather Outlook
14.11Eastern North Pacific Tropical Weather Outlook
Transportation and Logistics »
14.11
14.115
14.11MTGfoil
14.11
14.11sw14000XH 8000
14.11katie
14.11EX 330 HP SAR
14.11 M1
More »