The Target Is Actually the Hunter
The Target Is Actually the Hunter May 07, 2021 FINANCIAL EDGE, RAILWAY AGE MAY 2021 ISSUE: The scuffle between CP and CN to acquire Kansas City Southern requires comment. In the 2021 Railroad Financial Desk Book, it was noted that KCS’s franchise value was above the $208 per share offered by Blackstone, and that the July 2020 rejection of the Blackstone offer by the KCS management team was financially astute and in the interest of shareholders. After CN’s most recent offer, KCS’s stock is now valued at $325 per share. (In March 2020, the stock traded at $108 a share.) Keith Creel, Presi...
Source: railwayage.com