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The $28 billion hostile bid puts the pressure on the railroad's management to boost results.
2015-12-11 15:47:07| Railroads - Topix.net
The Calgary-based CP and Ackman's Pershing Square Capital Management spent more than two hours on a call with investors earlier this week outlining their case for consolidation and trying to win over skeptics. It has been more than a decade since a large North American rail deal was announced, and Canadian Pacific faces an uphill climb trying to convince regulators and shipping customers that further consolidation is to be encouraged.
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Category:Transportation and Logistics
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