09:46 AM EST - Canadian Pacific : Sent a reduced, revised proposal to Norfolk Southern Corporation. The proposal provides for a per share consideration of $32.86 in cash and a fixed exchange ratio of 0.451 shares in a new company that would own Canadian Pacific and Norfolk Southern, and is valued at $91.62 based on Canadian Pacific's closing price on December 7. Canadian Pacific
shares T.CP are trading down $2.46 at $173.65.
