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Canadian Pacific Railway Ltd (CP.N)

CP.N on New York Stock Exchange

145.53USD
24 Mar 2017
Change (% chg)

$-0.08 (-0.05%)
Prev Close
$145.61
Open
$145.64
Day's High
$146.66
Day's Low
$144.89
Volume
93,346
Avg. Vol
99,805
52-wk High
$157.28
52-wk Low
$119.54

Latest Key Developments (Source: Significant Developments)

CSX names Hunter Harrison as CEO
Monday, 6 Mar 2017 06:06pm EST 

Csx Corp : CSX names Hunter Harrison as chief executive officer . Says Harrison replaces Michael Ward, who announced his decision to retire as chairman and CEO on February 21, 2017 . Reached an agreement with Mantle Ridge LP, an investment firm formed by Paul Hilal, to reconstitute company's board of directors . CSX shareholders to vote on proposed reimbursement in respect of foregone compensation of harrison at upcoming annual meeting of shareholders . named Hunter Harrison as chief executive officer, effective immediately . CSX has appointed five new directors to its board of directors, mutually agreed upon by CSX and Mantle Ridge and effective immediately . In addition, three incumbent CSX directors intend to complete their service for board at or before conclusion of 2017 annual meeting . As part of his compensation, Harrison will receive an award of incentive options to purchase 9 million shares of Co at current trading price . CSX's current presiding director, Edward Kelly, III, will become chairman of board and hilal will become vice chairman . Says previously convened special meeting of shareholders will not be held . Harrison indicated that he will resign after 2017 annual meeting if reimbursement and tax indemnity are not provided by CSX . Says "CSX board does not intend to make a recommendation to shareholders on matters being put forward for a vote".  Full Article

Canadian Pacific Railway reaches tentative settlement in 2005 class action lawsuit
Tuesday, 31 Jan 2017 06:00pm EST 

Canadian Pacific Railway Ltd : CP reaches tentative settlement in 2005 class action lawsuit . Canadian Pacific Railway Ltd - CP will receive a full and final release and dismissal of all claims and allegations made in class action .Canadian Pacific Railway - To continue voluntary annual payments cp has been making to some property owners for maximum period of upto 10 years.  Full Article

Paul Hilal in talks to team up with outgoing Canadian Pacific CEO Harrison for activist stake in CSX Corp- source
Wednesday, 18 Jan 2017 07:27pm EST 

: Paul Hilal in final stages of working out agreement with outgoing Canadian Pacific CEO Harrison to team up for activist stake in CSX Corp- source Further company coverage: [CP.TO] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Outgoing Canadian Pacific CEO Harrison & activist investor Paul Hilal finalizing partnership, set to target CSX- CNBC, citing DJ
Wednesday, 18 Jan 2017 05:22pm EST 

: Outgoing Canadian Pacific CEO Harrison & activist investor Paul Hilal finalizing partnership, set to target CSX- Cnbc, citing DJ ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Canadian pacific railway reports Q4 earnings per share C$2.61
Wednesday, 18 Jan 2017 04:01pm EST 

Canadian Pacific Railway Ltd : CP reports record low operating ratio for fourth quarter and full year amid challenging conditions . Reports FY 2016 adjusted earnings per share C$10.29 . Q4 earnings per share C$2.61 . Q4 revenue fell 3 percent to C$1.64 billion . 2016 featured stiff economic headwinds and challenging volume environment, headlined by precipitous decline in crude oil shipments, weakness in grain movements . Plans to invest approximately $1.25 billion in capital programs in 2017, an increase of 6 percent over $1.18 billion spent in 2016 . Canadian Pacific Railway Ltd says expect adjusted diluted EPS growth to be in high single-digits for 2017 . Qtrly operating ratio 56.2% versus 59.8% last year . Canadian Pacific Railway Ltd says assumes that in 2017 Canadian-to-U.S. Dollar exchange rate will be in range of $1.30 to $1.35 . Canadian Pacific Railway Ltd says plans to invest approximately $1.25 billion in capital programs in 2017 .Q4 earnings per share view C$3.11, revenue view c$1.65 billion -- Thomson Reuters I/B/E/S.  Full Article

Keith Creel to become CEO of Canadian Pacific
Wednesday, 18 Jan 2017 04:00pm EST 

Canadian Pacific Railway Ltd - : Keith Creel to become CEO of Canadian Pacific; E. Hunter Harrison to retire . Canadian Pacific Railway Ltd says Harrison will take vacation leave effective immediately until January 31, 2017 . Under terms of separation agreement, CP has agreed to a limited waiver of Harrison's non-competition obligations .Total value of benefits and awards forfeited by Harrison is approximately c$118 million.  Full Article

Canadian Pacific sets qtrly dividend of C$0.50/share
Tuesday, 13 Dec 2016 11:54am EST 

Canadian Pacific Railway Ltd :Sets quarterly dividend of C$0.50 per share.  Full Article

TSB investigating train derailment North of Regina, Saskatchewan
Friday, 2 Dec 2016 02:38pm EST 

Transportation Safety Board Of Canada : TSB deploys a team of investigators following a train derailment north of Regina, Saskatchewan .deploying team of investigators to Silton Saskatchewan after CP railway train derailment north of Regina.  Full Article

Omega Advisors dissolves stake in Citigroup, takes stake in Time Inc
Monday, 14 Nov 2016 11:00am EST 

Omega Advisors : dissolves share stake in Citigroup Inc - SEC filing . dissolves share stake in Canadian Pacific Railway . Change in holdings are as of September 30, 2016 and compared with the previous quarter ended as of June 30, 2016 . dissolves share stake in Coach inc .takes 903,500 share stake in Time Inc.  Full Article

Canadian Pacific Railway files for potential mixed shelf offering
Tuesday, 1 Nov 2016 06:11pm EDT 

Canadian Pacific Railway Ltd :Files for potential mixed shelf offering; size not disclosed - SEC filing.  Full Article

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