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Home › Norfolk Southern rejects Canadian Pacific's $29bn takeover bid

 

Norfolk Southern rejects Canadian Pacific's $29bn takeover bid

2015-12-07 01:00:00| Railway Technology

US rail company Norfolk Southern (NS) has rejected a takeover offer of more than $29bn from Canadian Pacific (CP), saying the valuation is grossly inadequate and not in the best interests of the company and its shareholders.

Tags: southern bid canadian norfolk

Category:Transportation and Logistics

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