Ackman Doubts Buffett's BNSF Can Make Competitive Norfolk Offer

  • `The only currency they have to offer is cash,' Ackman says
  • Hedge fund manager says Harrison can help improve Norfolk

Warren Buffett will be hard-pressed to top Canadian Pacific Railway Ltd.’s bid for Norfolk Southern Corp. because the billionaire’s BNSF Railway lacks the management depth to make enough improvements at the target company, hedge fund manager Bill Ackman said.

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