Tag Archives: Canadian Pacific

CP Abandons Takeover Plans of NS

By Legislative Outlook, , , , , , , ,

Following growing opposition from Capitol Hill and the U.S. Department of Justice’s Antitrust Division, Canadian Pacific Railway (CP) announced today that they are ceasing efforts to merge with Norfolk Southern (NS), citing “no clear path to a friendly merger at this time.” This is a major win for workers on both carriers, as well as

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CP balks at merger from near-unified opposition

By Legislative Outlook, , , , , ,

Activist-investor Bill Ackman (left) and Canadian Pacific CEO Hunter Harrison (right) Canadian Pacific (CP) is officially ceasing efforts to merge with Norfolk Southern (NS) for the moment, citing the growing political pressure and to await a response from the Department of Justice regarding a letter they sent in mid-January. Some believe CP is trying to

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