Canadian Pacific Said to Explore Norfolk Southern Takeover

  • Railroads said to have held early-stage talks about merger
  • Analyst sees deal value, but questions regulatory prospects

Canadian Pacific On Track to Take Over Norfolk Southern?

Canadian Pacific Railway Ltd., the second-biggest railroad in Canada, is exploring a takeover of U.S. carrier Norfolk Southern Corp. in a fresh attempt to consolidate the North American industry, according to people familiar with the matter. The shares surged on the news.

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