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Monday, October 13, 2014

Market Chatter- Corporate finance press digest, (NYSE: CSX)

The following corporate finance-related stories were reported by media: * Canadian Pacific Railway Ltd has approached CSX Corp about merging the two North American railroad operators, according to the Wall Street Journal.* The People's Operator (TPO), a mobile phone company that donates 10 percent of each user's bill to charity, is planning to list its shares in London to raise funds for expansion into the United States, a source familiar with the deal said.

CSX Corporation (CSX), together with its subsidiaries, is a transportation supplier. Shares of CSX fell by 2.57% or $-0.79/share to $29.94. In the past year, the shares have traded as low as $25.28 and as high as $32.66. On average, 5822580 shares of CSX exchange hands on a given day and today's volume is recorded at 12252631.