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.