NS Sets Annual Meeting for May 12

Norfolk Southern has set May 12 as the date for its annual meeting during which Canadian Pacific interests are expected to ask NS stockholders to vote on a resolution mandating merger discussions with CP.

The resolution would direct NS management to meet with CP management to discuss a merger. NS management is opposing the resolution.

In a letter sent to NS employees, CEO James Squires said he will discuss during the meeting the progress the company has made in its five-year strategic plan to streamline operations and increase profit.

Squires said NS stockholders might receive proxy materials from CP pertaining to the resolution it has proposed to direct NS to talk merger with CP.

Tags: Canadian Pacific, Class 1 railroad mergers, CP-NS merger, CP-NS merger talks, Norfolk Southern, NS annual meeting, NS-CP merger talks, railroad mergers