(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.