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CP wants U.S. DOJ to look into talks held by U.S. railroads
2016-01-19 18:28:39| Railroads - Topix.net
Jan 19 Canadian Pacific Railway Ltd urged the U.S. Department of Justice to look into statements by U.S. railroad companies about "working closely with each other to block" the company's proposed takeover of Norfolk Southern Corp. Canadian Pacific proposed $28 billion offer to buy Norfolk Southern, disclosed in mid-November, has been spurned multiple times, setting the stage for a proxy battle. Executives from U.S. railroads including Union Pacific Corp , CSX Corp and BNSF, owned by Warren Buffett's Berkshire Hathaway Inc, told Reuters last week that Class I railroads had held limited discussions concerning the impact of a merger on the industry.
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Category:Transportation and Logistics