Canadian Pacific Railway Limited announced that it intends to purchase for cancellation up to 1,210,163 of its common shares pursuant to private agreements to be entered into between CP and an arm’s‐length third‐party seller.
Purchases will be made in accordance with an issuer bid exemption order issued by the Ontario Securities Commission dated November 25, 2014, and pursuant to the Order, may be made in several transactions prior to March 16, 2015. The price CP will pay for its common shares purchased by way of private agreements will be at a discount to the prevailing market price of CP common shares on the Toronto Stock Exchange at the time of purchase.
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