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KCS to CN: Proposal Accepted. (But is it Final?) KCS to CN: Proposal Accepted. (But is it Final?) Written by Railway Age Staff CN and Kansas City Southern (KCS) on May 21 entered into a definitive merger agreement that, barring an unexpected twist, ends weeks of a tug of war between CN and Canadian Pacific. Also on May 13, KCS had notified CP of its intent to terminate its merger agreement with CP and enter into a definitive agreement with CN, “subject to CP’s right to negotiate amendments to the merger agreement for at least five business...

Bruce Murray's Top Picks: May 20, 2021 $ASS Coin billionaire: Tales from the fringe of the crypto craze Techs lead U.S. equity rebound after jobs report 'Shark Tank' judge's SPAC in talks to merge with insurer DIY trading platforms should warn against risks of 'impulse trading': OSC CEO U.S. stocks mixed, yields rise on Fed minutes U.S. Fed will leave the punch bowl out for investors 'to get tipsy': Invesco strategist Stan Wong's Top Picks: May 19, 2021 Cathie Wood buys more Tesla amid Musk Bitcoin spat, Burry shorts Squarespace shares given US$50 reference price for NYSE debut Bitcoin whipsa...

As soon as the STB issued its decision granting Kansas City Southern a waiver from prevailing merger rules established about 20 years ago, KCS—following the terms of its existing merger agreement with Canadian Pacific—said it would now consider CN’s counter-offer. KCS reported April 24 that its Board of Directors has determined that the unsolicited merger proposal it received from CN on April 20 might end up “superior” to the KCS-Canadian Pacific (CP) merger agreement announced March 21. KCS now intends to engage in discussions with CN. Both CP and CN have responded, each with lang...

CN Updating ESG Strategy Written by Marybeth Luczak, Executive Editor CN is creating an Indigenous Advisory Council; holding an annual advisory vote on its climate change action plan; committing to having at least 50% of the independent directors on its Board come from diverse groups, including gender parity, by the end of 2022; and revamping governance policies to reflect best practices in Canada and the U.S. CN is undertaking four Environmental, Social, and Governance (ESG) initiatives that the railroad reports are in line with emerging best...