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Daily Archives: Feb 6, 2017

‘Meaningfully increase’ offer and we’ll talk, Norfolk Southern tells CP Rail

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Norfolk Southern Corp. says it might be prepared to sit down with Canadian Pacific Railway Ltd. to go over its takeover proposal, but only if it were “to meaningfully increase the consideration it’s offering.” In the meantime, the Virginia-based railway is urging its shareholders to vote against CP’s attempt to pressure its board into entering “good faith discussions” about the ...

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