Kansas City Southern sticks with CN Rail, rejects new Canadian Pacific offer

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Kansas City Southern sticks with CN Rail, rejects new Canadian Pacific offer

Seeking Alpha2021-08-13

Kansas City Southern says its board has determined that the latest unsolicited proposal from Canadian Pacific Railway does not constitute a superior proposal, and reaffirms its support of a merger with Canadian National Railway.
The company says it will wait for the U.S. Surface Transportation Board to make a ruling on the deal before a shareholder vote.
Earlier this week, CP submitted a new $300/share offer that values KC Southern at $31B.
Under the terms of the Canadian National deal, KC Southern shareholders would receive $200 in cash and 1.129 CN common shares for each KSU common share.
The consensus view points to alikely rejection of the KSU-CNI deal by the STB.

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Stephenlimmh
·2021-08-13
Is railway really profitable?
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constitute a superior proposal, and reaffirms its support of a merger ...</p>\n\n<a href=\"https://seekingalpha.com/news/3730117-kansas-city-southern-sticks-with-cn-rail-rejects-new-canadian-pacific-offer\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KSU","symbol_name":"堪萨斯南方铁路","start_time":0,"source_url":"https://seekingalpha.com/news/3730117-kansas-city-southern-sticks-with-cn-rail-rejects-new-canadian-pacific-offer","article_id":"1142689390","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142689390","pubTimestamp":1628814930,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Kansas City Southern says its board has determined that the latest unsolicited proposal from 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from Canadian Pacific Railway does not constitute a superior proposal, and reaffirms its support of a merger ...</p>\n\n<a href=\"https://seekingalpha.com/news/3730117-kansas-city-southern-sticks-with-cn-rail-rejects-new-canadian-pacific-offer\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KSU":"堪萨斯南方铁路","CP":"加拿大太平洋铁路","CNI":"加拿大国家铁路"},"source_url":"https://seekingalpha.com/news/3730117-kansas-city-southern-sticks-with-cn-rail-rejects-new-canadian-pacific-offer","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142689390","content_text":"Kansas City Southern says its board has determined that the latest unsolicited proposal from Canadian Pacific Railway does not constitute a superior proposal, and reaffirms its support of a merger with Canadian National Railway.\nThe company says it will wait for the U.S. Surface Transportation Board to make a ruling on the deal before a shareholder vote.\nEarlier this week, CP submitted a new $300/share offer that values KC Southern at $31B.\nUnder the terms of the Canadian National deal, KC Southern shareholders would receive $200 in cash and 1.129 CN common shares for each KSU common share.\nThe consensus view points to alikely rejection of the KSU-CNI deal by the STB.","news_type":1,"symbols_score_info":{"CNI":0.9,"KSU":0.9,"CP":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":67,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}