{"id":38093,"date":"2015-11-11T09:28:14","date_gmt":"2015-11-11T14:28:14","guid":{"rendered":"http:\/\/smart-union.dev\/news\/canadian-pacific-exploring-take-over-of-norfolk-southern\/"},"modified":"2015-11-11T09:28:14","modified_gmt":"2015-11-11T14:28:14","slug":"canadian-pacific-exploring-take-over-of-norfolk-southern","status":"publish","type":"post","link":"https:\/\/www.smart-union.org\/canadian-pacific-exploring-take-over-of-norfolk-southern\/","title":{"rendered":"Canadian Pacific explores take over of NS","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
Canadian Pacific Railway Ltd., the second-biggest railroad in Canada, is exploring a takeover of\u00a0U.S. carrier Norfolk Southern Corp. in a fresh attempt to consolidate the North American industry, according to people familiar with the matter. The shares surged on the news. Canadian Pacific is raising financing and has held early-stage merger talks with Norfolk Southern, […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":20282,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[9],"tags":[785,939,78,181,92],"member_types":[],"acf":[],"yoast_head":"\nCanadian Pacific Railway Ltd., the second-biggest railroad in Canada, is exploring a takeover of\u00a0U.S. carrier Norfolk Southern Corp. in a fresh attempt to consolidate the North American industry, according to people familiar with the matter. The shares surged on the news. Canadian Pacific is raising financing and has held early-stage merger talks with Norfolk Southern, which is valued at about $24 billion, said two of the people, who asked not to be identified because deliberations are private. Discussions are preliminary and talks may not progress or lead to a deal, they said. Representatives for Canadian Pacific and Norfolk declined to comment.
A move for Norfolk Southern, the second-biggest railroad in the eastern U.S., would revive Canadian Pacific\u2019s effort to build a transcontinental carrier after talks\u00a0with CSX Corp.\u00a0failed<\/a>\u00a0last year. In floating the idea of a CSX tie-up, Canadian Pacific Chief Executive Officer Hunter Harrison upended the long-held view in the industry that it was fruitless to even discuss another merger because regulators would object. Read more from Bloomberg Business<\/a>.<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"