CP completes acquisition of Detroit River Rail Tunnel


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CALGARY, Dec. 22, 2020 /CNW/ - Canadian Pacific (TSX:CP) (NYSE:CP) announced today it has completed its previously announced agreement to purchase an 83.5 percent stake in the Detroit River Rail Tunnel from certain affiliates of OMERS, the defined benefit pension plan for municipal employees in the province of Ontario. CP previously owned a 16.5 percent stake of the tunnel in partnership with OMERS. The purchase price for the transaction is approximately US$312 million, subject to customary closing adjustments.

About Canadian Pacific
Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP. CP-IR

View original content:http://www.prnewswire.com/news-releases/cp-completes-acquisition-of-detroit-river-rail-tunnel-301197722.html

SOURCE Canadian Pacific

View original content: http://www.newswire.ca/en/releases/archive/December2020/22/c0822.html


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: Press ReleasesAcquisitionsMergerstakeoversTransportation/Trucking/Railroad