Canadian Pacific Railway News Updates

Business

Canadian Pacific Signals Proxy Fight

The stage is set for a proxy battle between Canadian Pacific Railway Ltd. and Norfolk Southern Corp. after the Canadian company’s $28 billion acquisition bid was again rejected last week by the U.S. company, according to Canadian Pacific’s own signals and analysts’ comments.

December 14, 2015
Business

Canadian Pacific Revises Merger Offer; Norfolk Southern Rejects It Again

Canadian Pacific Railway revised its $28 billion offer to buy Norfolk Southern, offering the U.S. railway's shareholders a greater percentage of ownership and vowing to reduce their risk of losing money due to regulatory review, but the acquisition proposal once again was rejected.

December 8, 2015
Business

Canadian Pacific Presses for Deal; Target Norfolk Southern Is Mum

Two weeks after Canadian Pacific Railway Ltd. proposed a $28 billion combination with Norfolk Southern Corp., the prospective buyer continues to campaign for a deal, but there was no sign last week that one would materialize.

December 7, 2015
BusinessGovernmentSafetyLogistics

Canadian Pacific Makes $28.1 Billion Offer for Norfolk Southern in Consolidation Move

Canadian Pacific Railway Ltd. last week presented Norfolk Southern Corp. with an acquisition offer worth at least $28.1 billion, rekindling the fires of rail consolidation that have been dormant since 1999.

November 23, 2015
Business

Norfolk Southern Weighing $28.1 Billion Canadian Pacific Bid

Norfolk Southern Corp. said it is considering an  acquisition offer by Canadian Pacific Railway Ltd., worth at least $28.1 billion, that represents the first rail merger proposed since 1999.

November 17, 2015
Business

Canadian Pacific CEO Hunter Harrison Hunts for His Biggest M&A Deal

The man brought in to run Canada’s second-biggest railroad likes to say one of his missions is to “make the assets sweat” — in other words, really put them to work. He could say the same about his investment bankers.

November 16, 2015
Government

CP Railway’s Merger Track Runs Through US Agency That Scorns Big Deals

Canadian Pacific Railway’s quest for a record merger depends on a blessing from the same U.S. agency that thwarted the last effort to build a transcontinental railroad.

November 10, 2015
Business

Canadian Pacific Said to Explore Norfolk Southern Takeover

Canadian Pacific Railway, the second-largest railroad in Canada, is exploring a takeover of U.S. carrier Norfolk Southern Corp. in a fresh attempt to consolidate the North American industry, according to people familiar with the matter.

, November 9, 2015
BusinessLogistics

Canadian Pacific Lowers 2015 Outlook After Commodities Cargo Declines

Canadian Pacific Railway cut its forecast for full-year revenue and earnings per-share growth while it seeks to control costs amid a decline in demand for commodities shipments.

July 21, 2015
BusinessLogistics

Canadian Pacific Stoppage Ended by Binding Arbitration

A two-day strike at Canadian Pacific Railway Ltd. by the Teamsters Canada Rail Conference ended when both sides agreed to binding arbitration to end a dispute covering approximately 3,000 train crew workers.

February 17, 2015