Canadian Pacific Sells Line for $210 Million to G&W
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Canadian Pacific Railway Ltd. agreed to sell the western part of its Dakota, Minnesota & Eastern line to Genesee & Wyoming Inc. for $210 million, undoing a purchase completed in 2008 to expand its coal business.
The segment comprises about 660 miles (1,062 kilometers) of track mostly in the U.S. Midwest, the companies said yesterday in a statement. The sale is scheduled to close by the middle of this year, they said.