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CP says consolidation 'inevitable'; won't confirm talks with U.S. railway

2015-11-17 20:48:10| Railroads - Topix.net

Canadian Pacific Railway Ltd. says industry consolidation in North America is inevitable, amid reports that it has approached a U.S. rival about a potential merger. Chief operating officer Keith Creel declined to confirm it is eyeing Norfolk Southern, about a year after an overture to CSX Corp. ended without a deal.

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