Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »


RAIL EMPLOYMENT & NOTICES



Rail News Home Rail Industry Trends

10/1/2001



Rail News: Rail Industry Trends

CP: And then there were five …


advertisement

It's officials: Canadian Pacific Ltd. Oct. 1 split into five independent publicly traded companies.

CP plans to distribute common share certificates in the new companies to CP common shareholders soon after the Oct. 5 record date. Preferred CP shareholders soon will receive $26 per share plus accrued and unpaid dividends up to, but not including, Oct. 1.

CP common and preferred shares will cease trading on the Toronto and New York stock exchanges at close of business Oct. 2; when-issued trading of Canadian Pacific Railway, CP Ships Ltd., PanCanadian Energy Corp., Fording Inc. and Fairmont Hotels & Resorts Inc. also will cease Oct. 2., with settlement expected Oct. 9.

At market opening Oct. 3, both exchanges expect to begin regular share trading in the five companies.


Contact Progressive Railroading editorial staff.

More News from 10/1/2001