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Norfolk Southern Tells Canadian Pacific To 'Go Pound Sand'
2015-12-30 08:32:00| Railroads - Topix.net
Canadian Pacific sweetened its offer for Norfolk Southern by including a contingent value right with a maximum value of $25. The CVR is in addition to the [i] $36 per share cash offer and [ii]45.1% stake in the merged entity that NSC shareholders are to receive; shareholders could convert the CVR to cash at their discretion.
Tags: southern
pacific
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Category:Transportation and Logistics
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