default_image
© Khunaspix Dreamstime.

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 ...

Please Register

To continue reading, please login or register for full access to our free content
Loadstar subscriber
New Loadstar subscriber REGISTER

Comment on this article


You must be logged in to post a comment.