Canadian Pacific Fires Back At Pershing Square’s Allegations

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) hit back at Bill Ackman's Pershing Square Capital today with a release listing some of the company's correction to facts highlighted by Bill Ackman's Pershing Square Capital about the business. The company says it believes replacing the CEO Fred Green with Ackman's nominee Hunter Harrison would be disastrous for the company's well being in what the board says is a critical phase in the company's life.

Pershing Square holds about 14% of Canadian Pacific and has been attempting to gain shareholder approval for a change at the company...