Quantcast
Channel: WN.com - Articles related to Angie's List board rejects $512 million takeover from IAC
Viewing all articles
Browse latest Browse all 109

Canadian Pacific defends bid for Norfolk Southern railroad

$
0
0
Canadian Pacific offered more details and defended its offer to join two of North America’s biggest railroads, but Norfolk Southern Corp. offered only a lukewarm response and regulators have expressed significant concerns about any rail mergers. Norfolk Southern said the offer of $46.72 cash and 0.348 shares in the combined company represented a premium of less than 10 percent of its stock price on Tuesday. Canadian Pacific said that the offer — valued at $28 billion — could deliver nearly 60 percent premium, but it based its calculation on an estimate of what the combined railroads might be worth next March. While Canadian Pacific promised “a sizable...

Viewing all articles
Browse latest Browse all 109

Trending Articles