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UPDATE 1-Norfolk Southern rejects Canadian Pacific's revised offer

2015-12-14 16:42:18| Railroads - Topix.net

U.S. railroad operator Norfolk Southern Corp formally rejected a revised offer from Canadian Pacific Railway Ltd, saying it was worth less than CP's earlier proposal The revised offer valued Norfolk Southern at $88.52 per share, based on Canadian Pacific shares' closing price on Friday, Norfolk Southern said on Monday. Norfolk Southern's shares closed at $89.44 on Friday.

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