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Norfolk Southern Tells Canadian Pacific To 'Go Pound Sand'

2015-12-30 08:32:00| Railroads - Topix.net

Canadian Pacific sweetened its offer for Norfolk Southern by including a contingent value right with a maximum value of $25. The CVR is in addition to the [i] $36 per share cash offer and [ii]45.1% stake in the merged entity that NSC shareholders are to receive; shareholders could convert the CVR to cash at their discretion.

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