Canadian National confident of regulatory approval for Kansas City Southern bid Reuters 1 hr ago
April 22 (Reuters) - Canadian National Railway Co on Thursday sent a letter to Kansas City Southern s board, saying the company is confident of winning regulatory approvals for its takeover offer of about $33.7 billion.
Canadian National submitted its bid for the U.S. company on Tuesday, rivaling an agreement Kansas City already had in place to be taken over for about $25 billion by Canadian Pacific Railway Ltd. (Reporting by Shariq Khan in Bengaluru; Editing by Anil D Silva)
By Reuters Staff
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Jan 26 (Reuters) - Canadian National Railway Co on Tuesday reported a 17% rise in quarterly profit as improvement in consumer spending drove volume momentum.
Net income at the largest railroad operator in Canada rose to C$1.02 billion ($803.53 million), or C$1.43 per share, in the quarter ended Dec. 31, from C$873 million, or C$1.22 per share, a year earlier. ($1 = 1.2694 Canadian dollars) (Reporting by Shreyasee Raj in Bengaluru; Editing by Aditya Soni)