Canadian National counter bid pushes KCS-CP deal toward the buffers
April 21, 2021 by Choice Aviation Services0Air Cargo
Canadian National (CN) is trying to derail the planned marriage of Kansas City Southern (KCS) and Canadian Pacific (CP) by wooing KCS shareholders with a higher offer.
At US$325 per share for the US rail company, CN’s offer values KCS at $33.7bn, beating the $29bn purchase price rival CP agreed last month.
CN argues that its marriage with KCS would create a pan-USMCA rail operator providing “superior service, enhanced competition and new …
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