New senior management for DSV as it readies for DB Schenker takeover
Following its clearance by competition regulators to complete its acquisition of DB Schenker, Danish freight ...
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US railroad operator Norfolk Southern (NS) has rejected a second merger proposal from Canadian Pacific (CP).
And NS has insisted that the US Surface Transportation Board (STB) would remain unlikely to green-light the deal because of competition issues.
Last month CP offered NS shareholders $46.72 per share, in cash, and a fixed exchange ratio of 0.348 shares in a new company that would own both operators.
After rejecting that, on the basis that it had “significantly undervalued” NS, CP returned last week with ...
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