CN derails CP plan for merger with KCS, but it’s too soon to celebrate a deal

Kansas City Southern (KCS) has dropped its initial suitor, Canadian Pacific Rail (CP), for a “superior” marriage with Canadian National (CN), the larger of the two Class I rail operators north of the border.
The US company’s board was not moved by CP’s warning that the prospect of a takeover by CN was “illusory”.
KCS directors declared on 13 May that CN’s offer, which implied a total enterprise value of US$33.6bn, was …

The post CN derails CP plan for merger with KCS, but it’s too soon to celebrate a deal appeared first on The Loadstar.

Source: The Loadstar

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