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News Breaks
February 4, 2013
08:47 EDTCP, CNICanadian National announces settlement with Canadian Pacific on former CEO
CN (CNI) stated that it had settled its differences with CP (CP) and its former CEO Hunter Harrison. The settlement ends the outstanding litigation between CN and CP before the Federal Court in Chicago, Illinois. As part of the settlement, CP has undertaken not to hire certain CN employees until December 31, 2016. Other terms of the settlement remain confidential.
News For CNI;CP From The Last 14 Days
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February 11, 2016
12:47 EDTCPUPS warns against impact of Canadian-Norfolk merger, WSJ says
UPS (UPS) has voiced its criticism of any potential merger between railway operators Canadian Pacific (CP) and Norfolk Southern (NSC), warning that a combination "would lead to diminished rail intermodal service levels and increased costs for all segments of rail customers," reports the Wall Street Journal, citing a letter sent by UPS to the Surface Transportation Board. Reference Link
February 10, 2016
08:33 EDTCNICanadian National plans to invest C$2.9B in infrastructure, equipment
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07:11 EDTCNI, CPBB&T to hold a conference
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February 9, 2016
18:15 EDTCPNorfolk Southern issues statement regarding Canadian Pacific proposal
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13:59 EDTCPCanadian Pacific to file Norfolk shareholder proposal for good faith discussions
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11:49 EDTCPCanadian Pacific to give up proxy fight for Norfolk Southern, WSJ reports
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10:56 EDTCPCanadian Pacific to abandon proxy fight for Norfolk Southern, DJ reports
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February 5, 2016
16:12 EDTCNICanadian National announces share repurchase program
CN announced that it will repurchase common shares under a specific share repurchase program. The purchase will form part of the Normal Course Issuer Bid for up to 33M shares announced on Oct. 27, 2015. CN will enter into an agreement with a third party to repurchase common shares through daily purchases that will take place from March 1 or upon the completion of the previous agreement to March 11, subject to a maximum of 1.5M common shares.
February 2, 2016
07:19 EDTCPPennsylvania dems raise concern over potential CP-Norfolk deal, Reuters says
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