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Tag: norfolk
CP Sends Response to Letter to STB Illinois Delegation Related to Potential Norfolk Deal
2015-12-18 13:56:20| Railroads - Topix.net
I am writing in response to your letter dated December 14th to the Surface Transportation Board expressing concerns about a possible combination between Canadian Pacific and Norfolk Southern . I was surprised to read this letter in the media as it would have been my pleasure to sit down with you and walk through the benefits of our proposal to Illinois and Chicago and to address concerns.
Tags: related
potential
response
deal
Morningstar Assigns BBB+ Credit Rating to Norfolk Southern Corp.
2015-12-18 09:41:06| Railroads - Topix.net
Norfolk Southern Corp. has been given a "BBB+" credit rating by Morningstar . The research firm's "BBB+" rating suggests that the company is a moderate default risk.
Tags: rating
credit
southern
corp
Many possible pitfalls await Canadian Pacific's Norfolk bid
2015-12-18 01:20:13| Railroads - Topix.net
Dec 17 Canadian Pacific Railway Ltd's $27 billion bid for Norfolk Southern Corp risks coming unstuck due to regulatory scrutiny of its impact on the U.S. rail market, in particular the possibility it could spark competition-crushing rival deals, according to former regulators and analysts. Led by enigmatic, septuagenarian railroad legend Hunter Harrison, Canadian Pacific has assured investors that what it proposes - especially putting the transaction in a voting trust - has been approved in the past.
Tags: bid
canadian
norfolk
await
Norfolk Southern comments on CP Rail's white paper
2015-12-16 17:03:39| Railroads - Topix.net
NORFOLK, Va. - Norfolk Southern Corporation today commented on Canadian Pacific's response to the white paper prepared by former Surface Transportation Board commissioners Francis Mulvey and Charles Nottingham.
Tags: comments
white
paper
southern
CP's Harrison Says `Time to Talk Turkey' With Norfolk on Deal
2015-12-14 16:42:16| Railroads - Topix.net
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Hunter Harrison, the chief executive officer of Canadian Pacific Railway Ltd., said a proxy fight appears likely over his company's takeover bid for Norfolk Southern Corp., which rejected the latest offer.
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