Nov 17 (Reuters) - Norfolk Southern Corp (N:NSC) NSC.N :
* Board of directors to evaluate unsolicited, low-premium, non-binding and
highly conditional indication of interest from Canadian Pacific
* Board will carefully evaluate and consider this indication of interest in the
context of co's strategic plans
* Says "notably, any consolidation among class i railroads in North America
would face significant regulatory hurdles"
* Says "received an unsolicited, low-premium, non-binding and highly
conditional indication of interest from Canadian Pacific
* Canadian Pacific offer for $46.72 in cash, fixed exchange ratio of 0.348
Canadian Pacific shares per co share
* Canadian pacific's offer represents "a premium of less than 10% based on
closing prices today"
Source text for Eikon urn:newsml:reuters.com:*:nPn2bG4kJ
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