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| | OCC - Memo #17500 - CANADIAN PACIFIC LIMITED - PLAN OF ARRANGEMENT/ DISTRIBUTION |
 | | Canadian Pacific Limited ("CP") has announced a Plan of Arrangement which will result in the division of the holdings of Canadian Pacific Limited into five separate publicly traded companies: PanCanadian Energy Corporation ("PCX"), Fording, Inc. (FDG"), Canadian Pacific Railway Limited ("CP"), CP Ships Limited ("TEU"), and Fairmont Hotels & Resorts, Inc. ("FHR"). |
 | | Upon the effectiveness of the Plan of Arrangement, each CP Common Share will be considered to be without market value and will represent entitlement to.684 shares of PCX,.166 shares of FDG,.50 shares of CP,.25 shares of TEU, and.25 shares of FHR for each CP Common Share. |
 | | PanCanadian Energy Corporation, Fording, Inc., Canadian Pacific Railway Limited, and CP Ships Limited are trading "when issued" on the NYSE under the trading symbols of "PCX WI", "FDG WI", "CP WI", and "TEU WI", respectively. |
| www.optionsclearing.com /market/infomemos/2001/oct/17500.htm (517 words) |
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