Canadian Pacific creates website to argue for rail merger
OMAHA, Neb. (AP) - Canadian Pacific has created a website to showcase all of its arguments for its proposed takeover of Norfolk Southern railroad.
Most of what's on the www.cpconsolidation.com website is from Canadian Pacific's previous statements and reports on the proposed merger.
But the site also lists the question Canadian Pacific plans to ask Norfolk Southern shareholders this spring. Canadian Pacific wants Norfolk Southern investors to vote on whether they want the two railroads to discuss a merger.
Norfolk Southern has rejected all of Canadian Pacific's takeover offers. The latest one was worth roughly $30 billion.
Norfolk Southern doesn't plan to create its own website about the proposed deal. All of its statements on Canadian Pacific's offers are listed on the news section of its corporate site, www.nscorp.com .
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