Reuters
2 minute read
A logo of the Kansas City Southern (KCS) Railway Company is pictured in Toluca, Mexico October 1, 2018. REUTERS/Edgard Garrido/File Photo
July 29 (Reuters) - Canadian Pacific Railway Ltd (CP.TO) on Thursday asked Kansas City Southern (KSU.N) shareholders to vote against a deal with Canadian National Railway Co at a meeting next month.
Kansas City shareholders should reject Canadian National s $33.6 billion bid as there are regulatory risks involved, Canadian Pacific said in a regulatory filing, adding that the proposed acquisition can be decided later.
The terms of Canadian National s deal would bind Kansas City shareholders with the merger agreement until next year, instead of being free to pursue other opportunities that may be in the best interests of KCS stockholders, Canadian Pacific Railway said.
Canadian Pacific Railway : profit beats on robust freight volumes marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
1 Min Read
May 20 (Reuters) - Canadian Pacific Railway Ltd on Thursday reiterated its commitment to buy Kansas City Southern without raising the buyout offer for the railroad operator.
Reporting by Shreyasee Raj in Bengaluru; Editing by Aditya Soni
UPDATE 1-Canadian Pacific asks Kansas City to reject rival offer, reaffirms takeover plan msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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