Calgary Alberta - Canadian Pacific (CP) is disappointed that Norfolk Southern Corporation (NS) has rejected without engaging in a dialogue of CP's enhanced offer of 16 Dec 2015 to create a truly transcontinental railroad to better serve customers and the economy.
 
CP remains confident that a CP-NS combination would secure regulatory approval as a seamless coast-to-coast single-haul service benefits shippers, the industry, and the public, and would generate tremendous shareholder value.
 
It is apparent that neither the executive leadership at NS nor its board of directors are willing to sit down in an open and constructive dialogue about this transformational opportunity and that the interests of the NS board are not aligned with the best interests of NS shareholders.
 
Therefore CP will review its strategic alternatives.
 
Anonymous Author.