Connected Continent News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Posted: May 26, 2021 8:29 PM AT | Last Updated: May 26 Canadian National and Kansas City Southern have filed a motion with U.S. regulators seeking approval for the purchase.(Travis Golby/CBC) Canadian National said Wednesday it is confident it will win U.S. regulatory approval for its $33-billion purchase of the Kansas City Southern railway, a deal that has implications for two Maritime provinces with rival gateway ports. If approved, CN will own a single, north-south rail network connecting Canada, the United States and Mexico — positioning itself as a carrier for free trade in everythi...

The Kansas City Southern backs bounced back from a $ 34 billion bid in Canada’s national bid Kansas City Southern has backed a $ 34 billion bid from Canadian National to rival Pacific Pacific as it heats up a bidding war for the train operator. CN has offered KCS shareholders $ 200 in cash and 1,129 shares to pay up $ 200 in cash and 1,059 shares of CN common stock. The overall value of the deal remains unchanged: KCS shareholders will be paid $ 325 per share, but the higher component of CN stocks reflects the decline in the share price of the Montreal Railroad Group. KCS, which already a...

April 20, 2021 CN Counters CPKC with a ‘Superior Proposal’ (UPDATED) Written by William C. Vantuono, Editor-in-Chief Perhaps not so surprisingly, almost exactly one month to the day after Canadian Pacific and Kansas City Southern announced their intent to merge into CPKC (Canadian Pacific Kansas City), CN made a counter-offer it said is a “superior proposal” that “will result in a safer, faster, cleaner and stronger railway.” CN’s proposal of $325 per KCS share “represents a 21% premium over the implied value of the CP transact...