The Canadian Press

2001-09-26 | Canadian Pacific OBrien

Preview Clip

It took just an hour for Canadian Pacific shareholders to endorse a plan to split the conglomerate into five separate, publicly traded, companies. Canadian Pacific President David O'Brien said the timing for the September 26th move was good. (The new separate companies included PanCanadian Petroleum, Fording Coal, Fairmont Hotels, CP Ships and CP Rail.)

Date: 2001-09-26
Placeline: CALGARY, Alberta.
Source: The Canadian Press
Length: 24 seconds

Transcript Prediction: << it was lucky and in our case that we did it from a position of strength as I observed on another occasion tonight's companies are forced into that when they're in financial distress we couldn't be stronger financially our results have been enormous we made over a billion dollars in the first six months of this year all the companies have strong balance sheets and they're well prepared for whatever May Come >>