Davis Polk advised Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC as underwriters in connection with an $835 million SEC-registered secondary offering of 5,965,304 common shares in the capital of Canadian Pacific Railway Limited (CP) by certain funds managed by Pershing Square Capital Management, L.P. The common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “CP.”
Based in Calgary, Alberta, Canada, CP operates as a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise.
The Davis Polk corporate team included partner John Crowley and associates Jonathan C. Pentzien, Jeffrey Brenner and Julian Russo. The tax team included partner Michael Mollerus and associate Dao Fu. The environmental team included counsel Betty Moy Huber and associate Kevin J. Klesh. All members of the Davis Polk team were based in the New York office.
