Group Holds 8.8% Stake in CNW, May Seek Control
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WASHINGTON — 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.
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