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Rumored Activist Interest In The Rails: Why CSX, Why Now?
Thursday, January 19, 2017 - 4:38pm | 318Shares of CSX Corporation (NASDAQ: CSX) are steaming higher by more than 20 percent on Thursday after news broke that railroad veteran Hunter Harrison is planning to get involved with CSX. Harrison abruptly departed Canadian Pacific Railway Limited (USA) (NYSE: CP) just months prior to his...
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Takeout Speculation Becomes Catalyst For CSX, Stock Hits 52-Week High
Thursday, January 19, 2017 - 11:53am | 350Following the surprise announcement of CEO Hunter Harrison's resignation from Canadian Pacific Railway Limited (USA) (NYSE: CP), the Wall Street Journal reported that he would be partnering with activist investor Paul Hilal to pursue CSX Corporation (NASDAQ: CSX). In resigning before the...
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It Looks Like Somebody Is Slowly Accumulating A Massive Stake In CSX
Thursday, January 19, 2017 - 11:14am | 755Traders watching CSX Corporation (NASDAQ: CSX) in Wednesday’s after-hours session and Thursday’s premarket have been in for a crazy ride. Shares of the railroad company are up more than 20 percent to $43 Thursday morning, and the dramatic overnight move has many scratching their...
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Canadian Pacific Is The Only Railroad Stock Worth Owning: Here's The Logic
Wednesday, April 20, 2016 - 4:59pm | 287Avondale Partners said the strong results of Canadian Pacific Railway Limited (USA) (NYSE: CP) in a challenging industry proved once again why it is the only railroad equity the brokerage is recommending. Analyst Donald Broughton maintained his Market Outperform rating on the stock, intact with...
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8 Arbitrage Events To Watch Today
Monday, November 16, 2015 - 10:01am | 501U.S. futures were trading higher early Monday morning, implying U.S. equities will open higher. Investors and traders are focusing on M&A and large cross-border deal activities on Monday. The most notable deal consists of a $12.2 billion merger within the hotel and resorts group. U...
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BMO Capital Markets: Canadian Pacific Railway Introduces Potential New CEO
Tuesday, February 7, 2012 - 9:54am | 154According to a research report published today by BMO Capital Markets, Canadian Pacific Railway (NYSE: CP) hosted a Town Hall meeting in Toronto yesterday where new nominees for the board of directors were introduced, including CEO contender Hunter Harrison. In the report, BMO Capital Markets said...