Norfolk Southern Archives - Page 2 of 2

CP revises hostile bid for Norfolk Southern, again

By Euan Rocha, GFM Network News December 16, 2015

Reuters — Canadian Pacific Railway slammed railway Norfolk Southern on Wednesday, accusing it of misleading investors even as CP executives rolled out a new bid with increased shareholder protections to acquire the U.S.-based railroad. Executives from Canada’s second-largest railroad said the deal is now in the hands of Norfolk Southern’s shareholders, and urged its board […] Read more

Crops, Machinery, Reuters

Norfolk Southern rejects CP’s revised offer

By Reuters, GFM Network News December 15, 2015

Reuters — U.S. railroad operator Norfolk Southern has formally rejected a revised offer from Canadian Pacific Railway (CP), raising the prospect of a proxy battle. CP shareholder Bill Ackman said last week that CP CEO Hunter Harrison and he have both been sounded out by activists interested in a proxy fight with Norfolk Southern. Ackman […] Read more

Crops, Machinery, Reuters

CP revises offer for Norfolk Southern, rebuffed again

By Euan Rocha, GFM Network News December 8, 2015

Reuters — Canadian Pacific Railway (CP) on Tuesday revised its bid to buy U.S. railroad operator Norfolk Southern Corp, less than a week after its prior $28.4 billion proposal was rejected but the new offer was promptly rejected again. Calgary-based CP said it was now offering $32.86 in cash and 0.451 of a share in […] Read more

Crops, Machinery, Reuters

U.S. railway Norfolk Southern rejects CP offer

By GFM Network News December 4, 2015

Reuters — U.S. railroad operator Norfolk Southern said Friday its board had rejected Canadian Pacific Railway’s US$28.4 billion offer, calling it “grossly inadequate” and could face substantial regulatory hurdles. A struggling coal transportation market, suppressed by weak market demand and global oversupply, has weighed on the earnings of Norfolk, making it more vulnerable as a […] Read more

Crops, Machinery

Running rights on table in CP bid for Norfolk Southern

By GFM Network News November 17, 2015

Canadian Pacific Railway (CP) says it hopes to unclog one of the most infamous rail traffic bottlenecks in the U.S. with a bid to buy railway Norfolk Southern. Confirming a recent news report on its plans, CP announced Tuesday it has sent an offer letter to Virginia-based NS. The Calgary company didn’t disclose any financial […] Read more

Crops, Machinery, Reuters

CP said exploring Norfolk Southern takeover

By Reuters, GFM Network News November 9, 2015

Reuters — Canadian Pacific Railway (CP) is looking to acquire U.S. peer Norfolk Southern, business news service Bloomberg reported Monday, citing people familiar with the matter. Canada’s second-largest railroad operator has already raised financing and held early-stage merger talks with Norfolk Southern, Bloomberg reported, citing two of the people. Freight carried by major U.S. railroads […] Read more

Crops, Reuters

Rail consolidation unlikely to involve CP for now: CEO

By GFM Network News March 2, 2015

Toronto | Reuters — Canadian Pacific Railway is unlikely to be involved in the consolidation of the North American industry in the short term, CEO Hunter Harrison said on Monday. Canada’s No. 2 railway, which also has operations in the U.S., discussed a deal with CSX Corp. last year but could not reach an agreement. […] Read more

GFM Network News

Huge crops in South America says analyst

U.S. livestock: ‘Cattle on feed’ report supports prices

U.S. grains: Wheat trades near contract lows under ample global supply

Tag Archives Norfolk Southern

CP revises hostile bid for Norfolk Southern, again

Norfolk Southern rejects CP’s revised offer

CP revises offer for Norfolk Southern, rebuffed again

U.S. railway Norfolk Southern rejects CP offer

Running rights on table in CP bid for Norfolk Southern

CP said exploring Norfolk Southern takeover

Rail consolidation unlikely to involve CP for now: CEO

AgCanadaTV

AgCanadaTV: Your Agriculture News Recap for Dec.19, 2025

Cyber-Savvy Farmer

Latest Market News