The Daily Chase: Feud over K.C. Southern intensifies; BoC puts borrowers on notice
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Let there be no mistake: the gloves are off in the battle for control of Kansas City Southern. In a conference call brought to us by the word âtruthâ yesterday, Canadian Pacific Railway CEO Keith Creel virtually bypassed the latest quarterly results in favour of a full-throttled takedown of the rival proposal from Canadian National -- which, in his mind, amounts to âfantasy moneyâ and is bound to fail. Lest there be any doubt about where he stands, Creel also suggested in a letter to KCS Chief Executive Officer Pat Ottensmeyer that CN doesnât actually want to do the deal. The biggest question remains the same: How will KCS respond to the CN proposal?