BOSTON (Reuters) – Billionaire investor William Ackman is playing an outsized role in railway Canadian Pacific’s <CP.TO> plan to buy rival Norfolk Southern <NSC.N>, underscoring his efforts to bring home a deal to salvage an otherwise awful 2015 for the hedge fund manager.
Ackman sits on Canadian Pacific’s board of directors and his $14.8 billion Pershing Square Capital Management owns 9.1 percent of the company. Ackman was the last to speak on a conference call on Tuesday that spelled out an enhanced bid for Norfolk Southern.
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