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Many possible pitfalls await Canadian Pacific's Norfolk bid
2015-12-18 01:20:13| Railroads - Topix.net
Dec 17 Canadian Pacific Railway Ltd's $27 billion bid for Norfolk Southern Corp risks coming unstuck due to regulatory scrutiny of its impact on the U.S. rail market, in particular the possibility it could spark competition-crushing rival deals, according to former regulators and analysts. Led by enigmatic, septuagenarian railroad legend Hunter Harrison, Canadian Pacific has assured investors that what it proposes - especially putting the transaction in a voting trust - has been approved in the past.
Tags: bid
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Category:Transportation and Logistics