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Norfolk Southern rejects Canadian Pacific's 'grossly inadequate' buyout bid

2015-12-04 13:58:18| Railroads - Topix.net

The railroad company said on Nov. 17 that it received a buyout bid, in which Norfolk shareholders would received $46.72 in cash and 0.348 shares in a new company that would own the new combined company, for each Norfolk share they own. At the time, that worked out to about a 10% premium.

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