Group Holds 8.8% Stake in CNW, May Seek Control

From Reuters

A group of investors including Japonica Partners LP said it holds an 8.8% stake in CNW Corp. and may seek to gain control of the Chicago-based railroad company.

In a Securities and Exchange Commission filing, the group said it is pursuing talks with financial institutions on what financing might be required for a merger proposal, tender offer or similar transaction.

Separately, CNW, which operates Chicago & North Western Transportation Co. railroad, said it wishes to remain independent.