FT: Activist calls for Canadian National CEO to resign after rail deal hits hurdle

THE FINANCIAL TIMES reports:
UK hedge fund manager Chris Hohn has demanded that Canadian National abandon its $34bn pursuit of Kansas City Southern, after the US railroad regulator rejected the way the transaction was structured as it held the potential to harm the public interest. 
In a letter to the board of CN seen by the Financial Times, the head of TCI, one of the largest shareholders in the Montreal-based company with …

The post FT: Activist calls for Canadian National CEO to resign after rail deal hits hurdle appeared first on The Loadstar.

Source: The Loadstar

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