On February 9, 2016, CP announced its intent to submit a resolution to Norfolk Southern's (NS) shareholders to request that the NS board engage in good faith discussion with CP regarding the proposed combination of CP and NS. CP's decision to abandon the proxy battle for NS' board and submit a resolution to initiate further merger discussions can be viewed as positive as it allows CP to gauge support of the combination among NS shareholders. This option is a cheap way to gain a better understand ....
