CP announced on Friday that it had closed the sale of the southern portion of its Delaware and Hudson (D&H) sub to Norfolk Southern (NSC-N, no research coverage) for US$214.5 mm. CP had announced the sale on November 14, 2014 and received U.S. Surface Transportation Board (STB) clearance in May 2015. The line runs from Schenectady, N.Y. (near Albany), to Sunbury, Pa. Friday, September 18 will be CP's last day of operations on the line.
18 Sep 2015
CANADIAN PACIFIC RAILWAY LIMITED (CP) CLEARS SALE OF SOUTHERN D&H LINE WITHIN ONE YEAR
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CANADIAN PACIFIC RAILWAY LIMITED (CP) CLEARS SALE OF SOUTHERN D&H LINE WITHIN ONE YEAR
Canadian Pacific Kansas City Limited (CP:TSE) | 0 0 1.0% | Mkt Cap: 33,360m
- Published:
18 Sep 2015 -
Author:
Steven I. Paget -
Pages:
2
CP announced on Friday that it had closed the sale of the southern portion of its Delaware and Hudson (D&H) sub to Norfolk Southern (NSC-N, no research coverage) for US$214.5 mm. CP had announced the sale on November 14, 2014 and received U.S. Surface Transportation Board (STB) clearance in May 2015. The line runs from Schenectady, N.Y. (near Albany), to Sunbury, Pa. Friday, September 18 will be CP's last day of operations on the line.