Calgary Alberta - Canadian Pacific Railway Ltd. (CP) said on Wednesday it is looking at all legal options in response to what it described as
concerted efforts by certain U.S. railroads to block its proposed merger with Norfolk Southern Corporation (NS).
"It is unfortunate that CP must consider the use of litigation to ensure a level playing field and protect its rights," CP, Canada's second largest
railroad, said in a statement.
Its $28 billion plan to buy NS is being opposed by a number of industry groups, rail customers, and several unions representing workers at NS.
Allison Lampert.