Picking apart the DHL-Evri UK e-commerce deal
It’s all about scale
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Juts how long are the odds that a merger between Canadian Pacific (CP) and US railroad operator Norfolk Southern Corp (NSC) will take place?
The deal would be based on terms put forward by CP in mid-November, when NSC said it had received “an unsolicited, low-premium, non-binding, highly conditional indication” of interest.
The suitor has room to lever-up in order to agree a friendly deal, although in doing so it may end up jeopardising its coveted investment-grade rating – particularly if, during ...
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