CN Pension Trust Fund to Tender its Cambridge Shopping Centres Ltd. Shared to Ivanhoe III Inc.'s Feb. 11, 1999, Offer.MONTREAL--(BUSINESS WIRE)--Feb. 22, 1999--CANADIAN NATIONAL(ME:CNR.) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CNR.) (NYSE NYSE See: New York Stock Exchange :CNI (1) (Certified NetWare Instructor) See Novell certification. (2) (Coalition for Networked Information, Washington, DC, www.cni.org) A partnership of the Association of Research Libraries, CAUSE and EDUCOM, founded in 1990. ) Canadian National Railway Company Canadian National Railway Company (NYSE: CNI, TSX: CNR) is a Canadian rail transportation company that operates the Canadian National Railway. It was created in December, 1918 as a Crown corporation of the Government of Canada to nationalize several bankrupt rail systems , as administrator of the CN Pension Trust Fund ("Fund"), announced today it will tender all of the Fund's 15.2 million shares in Cambridge Shopping Centres Ltd. ("Cambridge") to the Feb. 11, 1999, offer by Ivanhoe III Inc. ("Ivanhoe"). The Fund's decision was based on: -- the absence of a superior third party offer; the difficulty of establishing, with a sufficient degree of certainty, the outlook for Cambridge subsequent to the change in control of Cambridge, and -- the sharply reduced liquidity for the shares not taken up in the offer. Canadian National Railway Company serves all of Canada and the U.S. Midwest, including the ports of Vancouver, Montreal and Halifax, and the key cities of Toronto, Chicago, Detroit and Buffalo, with connections to all points in North America. |
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