Rail News Home CSX Transportation 5/12/2022 Rail News: CSX Transportation
A rendering of the future Novelis plant, which will be served by CSX. Photo – novelis.com
Railroad News
May
12
May
12
CSX will provide rail transportation to Novelis Inc.’s future $2.5 billion aluminum recycling and rolling plant in Bay Minette, Alabama, the Class I announced yesterday.
The low-carbon facility will be the first fully integrated aluminum mill built in the United States in 40 years, CSX officials said in a press release.
May
10
Rail News Home Canadian Pacific 5/10/2022 Rail News: Canadian Pacific
Canadian Pacific today announced it has received notice of an unsolicited mini-tender offer from TRC Capital Investment Corp. to purchase up to 1.5 million common shares of CP, representing approximately 0.16% of the outstanding shares of common stock at a price of CA$88.50 per share.CP does not endorse this unsolicited offer, and advised CP shareholders that the offer has been made at a price of 4.37% and 4.49%, respectively, below market price as of CP's closing price on the Toronto Stock Exchange and the New York Stock Exchange on May 2, the date of the offer, CP officials said in a press release.CP has no association with TRC Capital or its offer, and recommends that shareholders do not tender their CP shares to the offeror, they said.
Canadian Pacific today announced it has received notice of an unsolicited mini-tender offer from TRC Capital Investment Corp. to purchase up to 1.5 million common shares of CP, representing approximately 0.16% of the outstanding shares of common stock at a price of CA$88.50 per share.CP does not endorse this unsolicited offer, and advised CP shareholders that the offer has been made at a price of 4.37% and 4.49%, respectively, below market price as of CP's closing price on the Toronto Stock Exchange and the New York Stock Exchange on May 2, the date of the offer, CP officials said in a press release.CP has no association with TRC Capital or its offer, and recommends that shareholders do not tender their CP shares to the offeror, they said.