Pershing Square Capital Management, L.P. issued the following statement in response to the management information circular filed today by Canadian Pacific Railway Limited (CP: Quote,CP.TO) in respect of its annual meeting of shareholders to be held on May 17, 2012:
Canadian Pacific filing makes clear that this Board still does not understand the fundamental Board and management changes that the overwhelming majority of CP's shareholders require, and that the investment research community has called for. Fortunately, Canadian Pacific opportunity to restructure this Board and reset its culture is now only weeks away.
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by RTT Staff Writer
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