Impact: very high. Not only did CP confirm media reports that it had approached Norfolk Southern about a merger (and by doing so, attempt to direct the latter into discussions), it also offered open access to the combined network for any and all competitors that could provide demonstrably better service or freight rates. CP is not simply proposing a merger; it is proposing a significant change in the North American railroad industry.

17 Nov 2015
CANADIAN PACIFIC (CP) PROPOSES BUSINESS COMBINATION TO NORFOLK SOUTHERN (NSC-N)

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CANADIAN PACIFIC (CP) PROPOSES BUSINESS COMBINATION TO NORFOLK SOUTHERN (NSC-N)
Canadian Pacific Kansas City Limited (CP:TSE) | 0 0 1.0% | Mkt Cap: 33,360m
- Published:
17 Nov 2015 -
Author:
Steven I. Paget -
Pages:
4 -
Impact: very high. Not only did CP confirm media reports that it had approached Norfolk Southern about a merger (and by doing so, attempt to direct the latter into discussions), it also offered open access to the combined network for any and all competitors that could provide demonstrably better service or freight rates. CP is not simply proposing a merger; it is proposing a significant change in the North American railroad industry.