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Norfolk Southern Rejects Canadian Pacific's Merger Proposal
2015-12-04 13:58:19| Railroads - Topix.net
Norfolk Southern Corp. said Friday that its board determined the proposal was "grossly inadequate, creates substantial regulatory risks and uncertainties that are highly unlikely to be overcome and is not in the best interest of the company and its shareholders."
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norfolk
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.
Tags: southern
bid
canadian
norfolk
Police ID high school student struck, killed by Norfolk Southern train
2015-12-03 00:11:22| Railroads - Topix.net
Police have released the name of the 15-year-old boy struck and killed by a train Tuesday morning in Petersburg. Officers were dispatched to the 2300 block of Buckner Street in the east Walnut Hill community after a report of a person hit by a Norfolk Southern freight train just before 10 a.m. "It was determined that the juvenile was walking on the train track and did not respond to emergency sirens.
Tags: high
school
student
high school
CP Rail getting positive response from Norfolk shareholders, shippers, says CEO
2015-12-02 22:09:24| Railroads - Topix.net
Canadian Pacific Railway is still awaiting a response from Norfolk Southern to its US$28-billion merger proposal, but the Canadian company's CEO says it is getting positive feedback from shareholders and shippers. "Most of the shareholders I've talked to think its a powerful combo," Hunter Harrison told the Credit Suisse Industrials conference webcast from Florida.
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response
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Norfolk Southern Corp. Price Target Increased to $97.00 by Analysts at Topeka Capital Markets
2015-11-26 11:00:26| Railroads - Topix.net
The brokerage presently has a "hold" rating on the railroad operator's stock. Topeka Capital Markets' target price points to a potential upside of 0.99% from the stock's previous close.
Tags: price
capital
increased
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