New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 11, 2014
12:08 EDTCPCanadian Pacific announces plans to purchase shares through private agreement
Canadian Pacific Railway announced that it intends to purchase for cancellation up to 456,791 of its common shares pursuant to private agreements to be entered into between CP and an arm's length third party seller. Purchases will be made in accordance with an issuer bid exemption order issued by the Ontario Securities Commission dated June 10, and pursuant to the Order, may be made in several transactions prior to March 16, 2015. The price CP will pay for the common shares purchased by way of the private agreements will be at a discount to the prevailing market price of CP common shares on the Toronto Stock Exchange at the time of purchase. Purchases will be counted towards CP's share purchase program announced on March 11 for up to 5,270,374 shares and will not exceed, in aggregate, one third of the maximum number of common shares CP may purchase under such program, being 1,756,791 common shares. CP was previously granted an issuer bid exemption order by the Ontario Securities Commission on March 28,permitting CP to make private agreement purchases of up to 1,300,000 of its common shares from an arm's length third-party seller. As of today, CP purchased 1,300,000 CP common shares under that order.
News For CP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 26, 2014
14:05 EDTCPRailroads prepare to avoid Chicago gridlock, Bloomberg says
Subscribe for More Information
08:20 EDTCPAckman says Herbalife short thesis reinforced by recent developments
"Recent developments at Herbalife reinforce our short thesis that HLF is an illegal pyramid that will collapse or otherwise be shut down by regulators," Bill Ackman stated in Pershing Square Holdings' quarterly letter to shareholders, which was released last night. "We continue to believe that the expiration of HLF’s $1.15B credit facility in 2016 is a potential catalyst for further stock price declines, as we are skeptical that the company will be able to access the credit markets in order to refinance or replace this facility," Ackman added. In the letter, Ackman also confirmed that the fund is currently doing due diligence on Actavis (ACT) to determine whether it should remain a long-term holder following the company's deal to acquire Allergan (AGN), noting that Pershing had recently met with the CEO of Actavis and were "impressed with him and his business plan for the combined company." Remarking on some of his other notable holdings, Ackman stated that Canadian Pacific’s (CP) transformation has been "nothing short of remarkable," that he believes the acquisition of Tim Hortons (THI) will create significant long-term value for Burger King (BKW) shareholders, and that early returns from Air Products' (APD) transformation are "promising."
November 25, 2014
17:26 EDTCPCanadian Pacific to purchase for cancelation over 1.2M shares
Subscribe for More Information
November 19, 2014
11:14 EDTCPCowen airfreight/surface & rail analysts hold analyst/industry conference call
Subscribe for More Information
November 17, 2014
16:11 EDTCPNorfolk Southern, Canadian Pacific subsidiary propose rail line transaction
Subscribe for More Information
November 14, 2014
17:14 EDTCPPershing Square gives quarterly update on stakes
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use