Tuesday, July 24, 2007

CP Rail sees no compelling case to split company

(Reuters) - "It's a model that has been around for a while, but we've never found a way to make it work," Fred Green told analysts in a conference call on the railway's second quarter results..



CP Rail said last week that Brookfield Asset Management had approached it with a bid proposal. Published reports say Brookfield is interested in splitting Canada's second-largest railway into two units.


Read more at Reuters.com Market News

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