Canadian Railroads > CP + Norfolk Southern???

Just read on a news feed that CP is proposing a "merger/combination" with NS.   Such a move would create the largest rail system in North America.  Anybody heard anything more?

Keith Robertson
Langley, BC

This has been news, both among railfans and even nationally for a week or two now.

http://www.theglobeandmail.com/report-on-business/cp-unveils-offer-for-norfolk-southern/article27304614/

Michael

God forbid that Hunter Harrison and Bill Ackman be allowed to work their magic on another railroad.  BTW, CP stock--which rocketed up after Harrison's slashing of costs--is DOWN 33 percent this year.

Art House
Gettybsurg, Pa.

I was close in buying more NS stock yesterday.....but I held up......

NS does not want to merge with CP and has made it plain.  Now Hunter is threatening NS management of going direct to the stockholders with "pie in the sky" statements about what CP stock would be worth in a year with the merger estimating that it would be a profit of about $95 US  for each share of NS shareholders.  There is no way the US  Surface Transporation Board would let the merger go through.  Ackerman is behind the whole thing.]

That's what Hunter does best.

Bill Miller
Galt, ON

So are all class ones, hope CP takes over NS it will be able to bypass Chicago which is a railroad  bottleneck