Fido Transportation Fund (PSRFX) and Norfolk Southern/Canadian Pacific discussions

hawkmountain

As owner of some shares of both PSRFX (which holds a lot of NSC), and Norfolk stock NSC, I am somewhat brain-scrambled. Canadian Pacific is pushing for 'dialog' between the 2 railroads; NSC is refusing. I have received glossy uh, propaganda is the term that comes to mind, about how I should vote. There is no merger talk on the table as NSC refuses to sit down anyway.
Can anyone clarify what is going on here, and how it might affect the NSC holdings in PSRFX?

Mark

Hawk - from what I can tell Canadian Pacific was attempting to open merger discussions with NSC but was meeting resistance from the company and others. It appears as though they were also trying to move discussions forward with a direct appeal to NSC shareholders (you). looks like they got nowhere and have ended their attempts. From the International Railway Journal:

http://www.railjournal.com/index.php/north-america/canadian-pacific-abandons-norfolk-southern-merger-bid.html

Ted

@hawkmountain: Here the nuts and bolts of the the on again off again merger. Norfolk is 3% of FSRFX and will have little if any long term impact on the fund.
Regards,
Ted
http://www.usatoday.com/story/money/2016/04/11/canadian-pacific-railway-norfolk-southern/82884876/

hawkmountain

Thank you Mark and Ted for your input on this. The links were very helpful.
best, hawk