Insights and Stories on Pershing Square

Activist investor activity reignites rail merger hopes

Jan. 20, 2017 at 1:28 pm CST

Reuters — Shares of railway operator CSX Corp. soared 20 per cent on Thursday after an activist investor’s plan to shake up the U.S. rail operator fueled speculation that the company was once again a takeover target. Investors rushed to bid up shares of CSX after news reports that former […]

U.S. activist investor Ackman leaves CP board

Sep. 7, 2016 at 7:00 pm CDT

By Reuters

Ackman exits CP, freeing up cash for next bet

Aug. 3, 2016 at 7:47 pm CDT

By Allison Lampert Svea Herbst-Bayliss

CP scraps plans to buy Norfolk Southern

Apr. 11, 2016 at 9:29 am CDT

By Reuters

Norfolk Southern rejects CP’s revised offer

Dec. 15, 2015 at 5:03 pm CST

By Reuters

U.S. railway Norfolk Southern rejects CP offer

Dec. 4, 2015 at 3:34 pm CST

Reuters — U.S. railroad operator Norfolk Southern said Friday its board had rejected Canadian Pacific Railway’s US$28.4 billion offer, calling it “grossly inadequate” and could face substantial regulatory hurdles. A struggling coal transportation market, suppressed by weak market demand and global oversupply, has weighed on the earnings of Norfolk, making […]

By Ankit Ajmera Sneha Banerjee

Insights and Stories on Pershing Square

Activist investor activity reignites rail merger hopes

U.S. activist investor Ackman leaves CP board

Ackman exits CP, freeing up cash for next bet

CP scraps plans to buy Norfolk Southern

Norfolk Southern rejects CP’s revised offer

U.S. railway Norfolk Southern rejects CP offer

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