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CPR hits 52-week high in New York Add to ...

Shares of Canadian Pacific Railway jumped to a 52-week high after the opening on Wednesday on a Globe and Mail report that a private equity consortium led by Brookfield Asset Management Inc. is preparing a takeover offer for the railway that, if successful, would represent a blockbuster leveraged buyout. The stock has soared 21 per cent or $15.71 (U.S.) to $89.70 on the NYSE after trading as high as $90.15.

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