Norfolk Southern Rejects $28bn Canadian Pacific Bid – ValueWalk Premium
Norfolk southern canadian pacific

Norfolk Southern Rejects $28bn Canadian Pacific Bid

Norfolk Southern has rejected a $28 billion from Canadian Pacific it emerged today. According to the company, Canadian Pacific's offer of $46.72 in cash and 0.348 in stock for a total of $97 per share, “is 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,” according to a statement issued by Norfolk Southern today.

“We believe Norfolk Southern and Canadian Pacific is a poor combination,” Norfolk . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk
0