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CP abandoning threat of proxy fight for Norfolk Southern - WSJ

Published 2016-02-09, 12:12 p/m
© Reuters.  CP abandoning threat of proxy fight for Norfolk Southern - WSJ
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Feb 9 (Reuters) - Canadian Pacific Railway Ltd CP.TO is
abandoning its threat of a proxy battle to replace directors at
takeover target Norfolk Southern Corp (N:NSC) NSC.N , the Wall Street
Journal reported, citing a person familiar with the matter.
Norfolk Southern has repeatedly rejected Canadian Pacific's
takeover offers, hoping to persuade shareholders that it is
better off as a standalone company. (http://on.wsj.com/1LeueEX)

Norfolk Southern and Canadian Pacific officials were not
immediately available for comment.

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