Titled “Norfolk Southern avoids hostile takeover attempt by Canadian Pacific,” the April 11 article offers details and local reactions to Canadian Pacific Railway’s decision to abandon its $30 billion hostile takeover of Norfolk Southern Corp. McGuireWoods Norfolk office managing partner and transportation industry team leader John Padgett, who also chairs the Hampton Roads Economic Development Alliance, was not surprised by this development, given the regulatory hurdles facing Canadian Pacific, but suggests this may not be the last such attempt. The full text of this article is available on The Virginian-Pilot’s website.
