Ross Marowits
Canadian Pacific Railway locomotives are shuffled around a marshalling yard in Calgary, Wednesday, May 16, 2012. Canadian Pacific Railway has a big decision to make after rival CN Rail amended its bid to win favour from Kansas City Southern. THE CANADIAN PRESS/Jeff McIntosh May 14, 2021 - 5:33 PM
Canadian Pacific Railway Ltd. remains confident that its proposal to acquire Kansas City Southern will succeed without the need to increase its bid after the U.S. Justice Department came out against Canadian National Railway Co. s use of a voting trust in its rival offer that the U.S. railway has deemed superior.
The billionaire investor, who is known for waging high-profile boardroom battles at companies like Canadian Pacific Railway Ltd. and Automatic Data Processing Inc., said the chances of him doing the same at Dominos or anywhere else are very low.
He likes competitive advantage of Domino s delivery technology
Ackman doesn t plan boardroom battle at Ann Arbor-based pizza company
Patrick T. Fallon/Bloomberg
Domino’s was “first and best in terms of delivery technology, said investor Bill Ackman,CEO of Pershing Square Capital Management LP.
Billionaire investor Bill Ackman has taken a stake worth almost $1 billion in Domino s Pizza Inc., adding another big-name consumer company to his portfolio.
Ackman s Pershing Square Capital Management owns a little less than 6 percent of the Ann Arbor-based pizza chain s shares, he said Wednesday at a conference. He said he bought into Domino s when the shares dipped to about $330, and after selling out of Starbucks Corp. following a run-up in the coffee company s stock.
Canadian National Railway Co (CNR.TO) is nearing a $33.7 billion deal to acquire U.S. railway operator Kansas City Southern (KSU.N), upending a $29 billion deal with its competitor Canadian Pacific Railway Ltd (CP.TO), people familiar with the matter said on Thursday.
The Colonial Pipeline, reopened late yesterday (SPY +0.4%). $365 billion wiped off cryptocurrency market after Tesla stops car purchases with bitcoin.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Americas Multi-Trillion Dollar Infrastructure Security Crisis Last Friday, a cyberattack prompted the shutdown of the biggest piece of energy infrastructure in the United States, the Colonial Pipeline system that supplies almost half of the gasoline and diesel that the East Coast consumes. The attack naturally led to higher gasoline prices and a run on gas as drivers worried about looming shortages while Colonial Pipeline Co. worked to restart the flow of fuels. Yet the higher prices at the pump and a possible shortage of fuel supplies are the smaller problem.