Glass Lewis and Egan-Jones Issue Reports Endorsing Entire Slate; Recommend Voting BLUE Proxy Form Glass Lewis Advises that Investors Withhold Votes from Eight Incumbent Nominees; Egan-Jones Recommends Withholding Votes From All Current Directors NEW YORK, May 9, 2012 //- Pershing Square Capital Management, L.P. (“Pershing Square”) today announced that proxy advisor Glass, Lewis & Co. […]
NEW YORK, May 7, 2012 //- William A. Ackman of Pershing Square Capital Management, L.P. (“Pershing Square”) today issued the following statement regarding the Ontario Teachers’ Pension Plan’s vote to support all seven Nominees for Management Change and to withhold votes from CP’s entire slate of incumbent directors at Canadian Pacific Railway Limited’s (“Canadian Pacific”) […]
Leading Proxy Advisory Firm Institutional Shareholder Services (ISS) Strongly Endorses All Seven Nominees for Management Change in CP Proxy Contest Recommends Withholding from Six of Canadian Pacific’s Current Directors Recommends Canadian Pacific Shareholders Vote the BLUE Form of Proxy NEW YORK, May 3, 2012 //- Pershing Square Capital Management, L.P. (“Pershing Square”) today announced that […]
The activist shareholder pushing for an overhaul of Canadian Pacific Railway Ltd., now armed with a powerful endorsement, is pushing ever closer to victory in a looming board showdown rarely seen in Canada.
Canadian Pacific Railway Ltd. was dealt a potentially devastating blow Thursday in its ongoing battle with activist investor Bill Ackman after an influential proxy advisory firm issued a scathing report recommending shareholders show several incumbent directors the boardroom door, including chairman John Cleghorn and its chief executive Fred Green.
Later this month in Calgary, Canadian Pacific Railway — a national history-maker since 1881 — appears set to make history again. At the company’s annual meeting on May 17, the betting is that CP’s board of directors and management will be overthrown by a U.S. hedge-fund operator. But he won’t be operating alone. Canada’s institutional investors may be providing cover.
Hedge fund manager William Ackman just got more ammunition in his battle to shake up Canada’s No. 2 railroad.
A proxy advisory firm says a dissident shareholder has made a “compelling” case for a shake-up at Canadian Pacific Railway.
Pershing Square Issues Letter to Shareholders of Canadian Pacific NEW YORK, April 23, 2012 //- William A. Ackman of Pershing Square Capital Management, L.P. (“Pershing Square”) today filed a letter to shareholders regarding the election of its Nominees for Management Change to the Board of Directors of Canadian Pacific Railway Limited (“Canadian Pacific”) (TSX: CP; […]
A month before a showdown over who should run Canada’s second biggest railroad, more than half of the shareholders in a Reuters survey favor a dissident shareholder’s slate of candidates over Canadian Pacific Railway Ltd’s existing board.