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Tag: norfolk southern
Norfolk Southern: 38 conductors laid off due to coal decline
2016-01-06 17:07:16| Railroads - Topix.net
This Oct. 23, 2014, file photo shows a Norfolk Southern locomotive on Chicago's south side. Canadian Pacific has revised its takeover bid for Norfolk Southern, saying that it should ease fears that the railroad deal would be shot down by regulators.
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Exclusive: Norfolk Southern customers lobby regulator against CP bid
2016-01-04 22:14:27| Railroads - Topix.net
CHICAGO: Industry groups representing major freight customers of Norfolk Southern Corp have asked the U.S. rail regulator to reject any bid for the railroad by Canadian Pacific Railway Ltd, according to letters viewed by Reuters. The opposition from a broad array of customers to the hostile bid for the Norfolk, Virginia-based railroad could significantly harm Canadian Pacific's case if an expected lengthy proxy battle is resolved and a merger reaches the Surface Transportation Board for a review.
Tags: customers
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Norfolk Southern Corp. (NSC) Price Target Lowered to $88.00 at BMO Capital Markets
2016-01-04 17:04:59| Railroads - Topix.net
The brokerage currently has a "market perform" rating on the railroad operator's stock. BMO Capital Markets' price target indicates a potential upside of 4.03% from the stock's previous close.
Tags: price
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southern
Norfolk Southern Corp. (NYSE:NSC) Receives Consensus Rating of "Hold" from Analysts
2015-12-31 22:51:35| Railroads - Topix.net
Norfolk Southern Corp. has earned a consensus rating of "Hold" from the twenty-two brokerages that are currently covering the firm, MarketBeat.Com reports . Three research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and four have issued a buy recommendation on the company.
Tags: rating
hold
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corp
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
canadian
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