Courtesy of Benzinga.
The following comments were provided by Canadian Pacific (NYSE: CP) on the Pershing Square investment in the company:
“While we have an active dialogue with many of our investors, our practice is not to comment on those discussions. As you may be aware, in a regulatory filing Friday with the U.S. Securities and Exchange Commission, Pershing Square Capital Management advised it had acquired 20.6 million shares of Canadian Pacific.
As with others, CP is open to the views of its shareholders. We will speak with Pershing Square to hear their input into our plan, already targeted at realizing greater efficiency and improved service reliability.
As we’ve been discussing for the past few quarters, especially heading into winter, it is important that each of you to continue focusing on strong performance on the Integrated Operating Plan, meeting our customer needs, and ensuring the safe operation of the railway.”
