Dec 8 (Reuters) - Norfolk Southern Corp (N:NSC) NSC.N :
* Norfolk Southern comments on revised, reduced proposal from Canadian Pacific
* Norfolk Southern Corp NSC.N says confirmed that it has received a
revised, reduced proposal from canadian pacific
* Former STB commissioners said "STB is not likely to approve CP's proposed voting trust or the CP+NS merger"
* Norfolk Southern Corp NSC.N says "former STB commissioners determined
that STB unlikely to approve any voting trust"
* Norfolk Southern Corp NSC.N - proposed transaction "still subject to
substantial regulatory risk and highly unlikely to be approved"
* Norfolk Southern Corp NSC.N - Canadian Pacific's revised proposal "is
even more uncertain and risky given the decrease in the cash consideration"
* Norfolk Southern - "consideration in revised proposal is less than prior proposal", which Norfolk Board unanimously determined was grossly inadequate
* Source text for Eikon ID:nPn1YYhjW
* Further company coverage NSC.N