BUZZ-CSX Corp: Canadian Pacific approached about takeover in Jan-WSJ

Wed Mar 2, 2016 8:39am EST
 
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** U.S. railroad company's shares up 3.9 pct at $25.60

** Canadian Pacific Railway Ltd approached CSX about takeover in Jan; CSX rebuffed CP's advance, the WSJ reports (on.wsj.com/1WUL4yJ)

** CP has also been pressing for a takeover bid for Norfolk Southern Corp

** Norfolk Southern has repeatedly rejected CP's offers citing "substantial regulatory risks and uncertainties"

** Up to Tuesday's close, CSX's stock had fallen 5 pct this year, while CP's declined about 7 pct