Analysis-Canadian Pacific joins Buffett in rejecting railroad consolidation, narrowing merger prospects

Analysis-Canadian Pacific joins Buffett in rejecting railroad consolidation, narrowing merger prospects

By Sabrina Valle NEW YORK (Reuters) -Two major rail operators have taken themselves out of the merger game that has gripped the industry for the past month, reshaping the competitive landscape and raising the regulatory stakes for Union Pacific’s proposed $85 billion tie-up with Norfolk Southern . Canadian Pacific Kansas City joined Warren Buffett’s BNSF…

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CSX talks with investment bank about merger options

CSX talks with investment bank about merger options

CSX has declined to comment on a Bloomberg report that it has engaged Goldman Sachs to advise it about potential merger options. Today’s news follows this week’s announcement that Union Pacific (NYSE: UNP) will acquire Norfolk Southern (NYSE: NSC) in an $85 billion deal that would create the first transcontinental freight railroad. Industry analysts believe…

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