April 11 (Reuters) - Canadian Pacific Railway Ltd CP.TO
said on Monday it had terminated efforts to buy Norfolk Southern (NYSE:NSC)
Corp NSC.N , almost six months after it launched its
unsolicited bid.
"We have long recognized that consolidation is necessary for
the North American rail industry to meet the demands of a
growing economy, but with no clear path to a friendly merger at
this time, we will turn all of our focus and energy to serving
our customers and creating long term value for CP shareholders,"
said Chief Executive Hunter Harrison said in a statement.