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BRIEF-Canadian Pacific provides details of CVR instrument in revised offer for Norfolk Southern

Published 2015-12-16, 04:12 p/m
© Reuters.  BRIEF-Canadian Pacific provides details of CVR instrument in revised offer for Norfolk Southern
NSC
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CP
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Dec 16 (Reuters) - Canadian Pacific Railway Ltd CP.TO :
* Provides details of cvr instrument in revised offer for Norfolk Southern (N:NSC)
* Each cvr would entitle holder to receive a cash payment from cp
* In event of full contingent value rights payout, total cash payment would
represent an additional US$3.4 billion
* Cash payment would be equal to the difference between the cp-ns share price
during the relevant measurement period
* Cash payment equal to difference between the cp-ns share price and $175 per
share up to maximum value of $25 per share

* Source text for Eikon ID:nPn3r3JRg

* Further company coverage CP.TO

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