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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Canadian Pacific Kansas City Limited | TSX:CP | Toronto | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 112.14 | 110.20 | 110.20 | 0 | 13:10:33 |
From Apr 2019 to Apr 2024
By Dave Sebastian
Canadian Pacific Railway Ltd. said it has agreed to buy for $312 million the Detroit River Rail Tunnel from affiliates of OMERS, the defined benefit pension plan for municipal employees in Ontario.
CP had owned a 16.5% stake in the tunnel. It will continue to operate the 2.6 kilometer tunnel linking Windsor and Detroit, CP said.
CP said its acquisition would reduce its operating costs related to movement through the tunnel.
The transaction is expected to close in the fourth quarter.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
October 16, 2020 08:27 ET (12:27 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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