In a press release April 11, 2016, Canadian Pacific Railway (CP) announced that it has terminated its efforts to merge with Norfolk Southern (NS). CP has also withdrawn its resolution asking NS shareholders to vote in favor of good-faith negotiations between the two companies. “No further financial offers or overtures to meet with the NS board of directors are planned at this time,” CP said in their statement. CP CEO E. Hunter Harrison said, “…with no clear path to a friendly merger at this time, we will turn all of our focus and energy to serving our customers and creating long term value for CP shareholders.”
Related News
- Heroic Act on the Rails: SMART-TD Brother Burned while Saving Crewmate
- NRLC Bargaining Chart
- Local Pride T-Shirt Contest Rules
- Where Do You Get Your News? Help SMART-TD Meet You There
- Senate Passes Tax Bill Without Including Railroaders
- Yardmaster Protection Act Introduced
- New College Education Benefit Available for SMART-TD Members and Their Families
- Arkansas & Missouri Begins a New Chapter with SMART-TD
- In Loving Memory of Brother Darryl Redmon
- Update Your SMART Union Mobile App Today!