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Rail News: Rail Industry Trends

CP appoints information agent for reorganization-related shareholders meeting


Candian Pacific Ltd. Aug. 22 hired Georgeson Shareholder as proxy solicitation and information agent for CP's special shareholders meeting Sept. 26 in Calgary, Alberta.

A Toronto-based shareholder-response service company, Georgeson Shareholder is charged with keeping stockholders apprised of CP's spin-off into five separate business units.

CP Aug. 21 mailed an arrangement circular regarding its proposed reorganization to all shareholders. Also, "when-issued" trading for all five units began that date on the New York and Toronto stock exchanges.

Canadian Pacific Railway trades under the ticker symbols CPWI and CPZ in New York and Toronto, respectively.