Ackman Still Firm on Harrison as Next Canadian Pacific (CP) CEO

Canadian Pacific (NYSE: CP) shares are moving lower Wednesday morning following a Bloomberg report suggesting Pershing Square's William Ackman has ruled out the elimination of Hunter Harrison as a possible successor for the CEO position.

Earlier in the session, Canadian Pacific issued a release stating it felt Pershing Square's Harrison nomination poses potential risk and disruption for the company. To read the letter, click here.

Canadian Pacific shares are 1.7 percent lower at last check.

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