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CP falls short of analyst expectations
Amid a North-American-wide slump in traffic volume, falling prices for railroad-transported commodities like coal and oil, and an economy that appears to be increasingly unstable, Canadian Pacific, the second publicly…
Ackman to sell partial stake in CP
Pershing Square Capital Management founder William Ackman reportedly is selling roughly US$800 million of his investment in Canadian Pacific Railroad, or roughly 5.9 million shares.
Canadian Pacific proxy battle heats up
The stage has been set for Canadian Pacific’s annual shareholders meeting on May 17, where hedge fund Pershing Square Capital Management will attempt a takeover of CP and replace the…
Hedge fund touts talks with CP
Hedge fund Pershing Square Capital Management, led by activist investor William Ackman, said Thursday it has held “productive” discussions with Canadian Pacific Railway.
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