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, 2015Canadian 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, 2015Canadian 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, 2015Canadian 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, 2015Canadian 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, 2015Canadian Pacific Rail Misses Profit Estimates as Stock-Based Pay Rises
Canadian Pacific Railway Ltd., foiled in a bid to merge with CSX Corp., reported third-quarter profit that missed analysts’ estimates as the carrier spent more on stock-based compensation.
October 21, 2014Canadian Pacific Confirms End of Merger Talks With CSX
Canadian Pacific Railway Ltd. said talks about a possible merger with CSX Corp. have ended and no further conversations are planned.
October 20, 2014Canadian Pacific Rail Pursuing Merger with CSX, Reports Say
Canadian Pacific Railway Ltd. is pursuing a merger with third-largest U.S. railroad CSX Corp., multiple news services reported, that would be the first such combination of major railroads in 15 years.
October 14, 2014Canadian Pacific Bid Sets Up More Railway-Industry Deals
Canadian Pacific Railway’s megamerger ambition may whet the industry’s appetite for deals.
October 14, 2014Canadian Pacific’s 4Q Net Income Rises
Canadian freight railroad Canadian Pacific’s fourth-quarter net income rose to C$82 million, or 47 Canadian cents per share, from C$15 million, or 8 cents, a year earlier.
January 29, 2014