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Norfolk Southern Finds Allies in Spurning Canadian Pacific Takeover Bid

2016-01-11 18:02:44| Railroads - Topix.net

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. The U.S. Surface Transportation Board on Jan. 8 posted on its website 17 letters from shippers and lawmakers expressing concern or opposition to the combination.

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