COMPETITION WATCH: CP Rail amid takeover rumours
CALGARY, Alta. — Rumours swirled this morning about a possible takeover bid for Canadian Pacific Railway (CPR), causing the Toronto Stock Exchange to halt trading activities of the railways shares.
The Globe and Mail reported Brookfield Asset Management and a US investment bank are preparing to make an offer for Canadas second largest railway.
The article did not name any sources cited within CP Rail or Brookfield. If a deal were to go through, it would represent one of the largest leveraged buyouts in Canadian history.
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