Tradelines News

Get the latest news and updates on cross-border customs and international trade.

CP Rail Ends Takeover Talks with U.S. Railway CSX

(Bertrand Marotte – Globe & Mail)

Canadian Pacific Railway Ltd. says talks with potential takeover target CSX Corp. have broken off.
Calgary-based CP said on Monday that “exploratory conversations held with CSX Corp. about a possible business combination have ended. No further talks are planned.”

The Canadian rail giant did not provide reasons for the talks’ end.

Previously, neither CP nor Jacksonville, Fla.-based CSX chose to comment on reports that Florida-based company had rejected a takeover offer from CP. Read more here.