Canadian Pacific Railway Ltd CEO says mergers will happen, but not until after he retires

TORONTO — The collapse of Canadian Pacific Railway Ltd.’s bid for Norfolk Southern Corp. has done nothing to dissuade the company’s outspoken CEO that railway consolidation must and will happen.

In the meantime, however, CP shareholders will benefit from the cash that has been freed up by the failed merger attempt, with the company announcing Wednesday that it will buy back up to 6.91 million shares, or about five per cent of its public float, while also boosting its quarterly dividend...

What feeling does this article give you?

#hashtags to follow:

Canadian Pacific Railway Ltd [+]    Norfolk Southern Corp [+]   

More #news: