1. Railroad Backs Off Proxy Fight

    Railroad Backs Off Proxy Fight

    Canadian Pacific Railway Ltd. backed away from a threatened proxy battle to unseat Norfolk Southern Corp. directors, opting to enlist the Virginia rail operator's shareholders to press the board for friendly merger talks. "We believe this shareholder resolution is the clearest, fairest approach to a process that will result in an outcome beneficial to all stakeholders," Canadian Pacific said in a statement on Tuesday...

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    1. We believe this shareholder resolution is the clearest, fairest approach to a process that will result in an outcome beneficial to all stakeholders.
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