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Dec 31, 2001

Splitting an Icon

The science behind the break-up of one of Canada's national legacies.

When a huge conglomerate with national roots decides to break into five separate companies, IROs have a lot of ground to cover with shareholders. Such was the case when Canadian Pacific, a company founded in 1881 to build Canada's transcontinental railway, spun-off its five subsidiaries. From the time the reorganization was announced in February 2001 to the actual spin-off at the end of September, CP's IR department was busy communicating the details of the transaction to shareholders and

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