Dec 14 (Reuters) - Norfolk Southern Corp (N:NSC) NSC.N :
* On December 14, 2015, co sent to Canadian Pacific Railway a letter rejecting
Canadian pacific's December 7, 2015, revised proposal
* Revised proposal reflects value of about $88.52 per Norfolk Southern share
based on closing price of cp shares on Friday
* To Canadian Pacific Railway - consideration in revised proposal "has less
overall value and cash than your prior proposal"
* Nothing in new proposal "addresses concerns of Norfolk Southern board arising
out of our extensive review of your prior proposal"
* Board unanimously rejects your revised, reduced proposal"
* Source text (http://1.usa.gov/1YeSbln)
* Further company coverage NSC.N