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CP renews call for Norfolk Southern merger in white paper
2016-01-12 22:30:46| Railroads - Topix.net
Canadian Pacific Railway Ltd. has renewed its call for a merger with Norfolk Southern Corp. on Tuesday, this time in a nine-page white paper. The Calgary-based freight carrier said the $28-billion takeover of Virginia-based Norfolk Southern is needed to meet the current and future demands of North American economic growth, while easing rail congestion without the need to add track or terminals amid increasing government oversight.
Tags: call
white
paper
southern
Founders Capital Management Has $170,000 Position in Norfolk Southern Corp.
2016-01-12 16:15:27| Railroads - Topix.net
Founders Capital Management held its stake in shares of Norfolk Southern Corp. during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The hedge fund owned 2,008 shares of the railroad operator's stock at the end of the fourth quarter.
Tags: management
position
capital
southern
Norfolk Southern Corp.'s (NSC) "Hold" Rating Reiterated at Deutsche Bank
2016-01-12 03:44:02| Railroads - Topix.net
's stock had its "hold" rating restated by investment analysts at Deutsche Bank in a report issued on Monday, AnalystRatings.NET reports. They currently have a $83.00 price target on the railroad operator's stock, down from their previous price target of $93.00.
Tags: rating
hold
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southern
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.
Tags: southern
bid
pacific
canadian
Norfolk Southern Corp. (NSC) Position Boosted by M. Kraus & Company
2016-01-10 23:26:48| Railroads - Topix.net
M. Kraus & Company increased its stake in shares of Norfolk Southern Corp. by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission . The institutional investor owned 53,207 shares of the railroad operator's stock after buying an additional 1,208 shares during the period.
Tags: company
position
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