Big railroad deal seen more likely to gain regulators’ OK
Canadian Rail Merger FILE - In this May 23, 2012, file photo, surveyors work next to Canadian Pacific Rail trains which are parked on the train tracks ...
Canadian Rail Merger FILE - In this May 23, 2012, file photo, surveyors work next to Canadian Pacific Rail trains which are parked on the train tracks ...
... to buy a U.S. rail company. The Canadian dollar was trading 0.2% lower at 1.2524 to the greenback, or 79.85 U.S. cents, having traded in a range of ...
The combined company will operate roughly 20,000 miles of rail and generate sales of about $8.7 billion. Canadian Pacific CEO Keith Creel will oversee ...
Canadian Pacific CEO Keith Creel said the deal would "level the playing field," especially since neither of the rail firms overlap their services at all.
The Canadian rail operator said it will issue 44.5 million new shares and raise about $8.6 billion in debt to fund the transaction. It is the biggest merger ...