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Norfolk Southern rejects Canadian Pacific's $29bn takeover bid

2015-12-07 01:00:00| Railway Technology

US rail company Norfolk Southern (NS) has rejected a takeover offer of more than $29bn from Canadian Pacific (CP), saying the valuation is grossly inadequate and not in the best interests of the company and its shareholders.

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Union Pacific's Downward Volume Trend Extends Into Q4

2015-12-05 14:51:57| Railroads - Topix.net

A declining volume trend that started in early 2015 has picked up speed in the fourth quarter. Normally fourth quarter volumes are the biggest for railroads, but this year they are seeing a continuation of the downward cycle.

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Norfolk Southern (NSC) Stock Derails, Rejects Canadian Pacific's Takeover Bid, Jim Cramer's Take

2015-12-04 17:08:03| Railroads - Topix.net

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Norfolk Southern rejects Canadian Pacific's merger proposal

2015-12-04 15:03:10| Railroads - Topix.net

This Oct. 23, 2014 file photo shows a Norfolk Southern locomotive on Chicago's south side. Norfolk Southern has rejected Canadian Pacific's proposal to combine the two railroads.

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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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