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MONTREAL, May 17, 2021 (GLOBE NEWSWIRE) JJ Ruest, President and Chief Executive Officer and Sean Finn, Executive Vice-President, Corporate Services and Chief Legal Officer of CN (TSX: CNR) (NYSE: CNI), will address the BofA Securities Virtual Transportation, Airlines and Industrials Conference on May 19, 2021 at 10:40 a.m. Eastern Time (ET). CN will provide a live audio webcast via the Investors section of its website at www.cn.ca/investors. A replay of the webcast will be available following the event. About CNCN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the U.S. South through a 19,500-mile rail network, CN and its affiliates have been contributing to community pros ....
Canadian National ups offer to seal deal for US railroad JOSH FUNK, AP Business Writer May 13, 2021 FacebookTwitterEmail OMAHA, Neb. (AP) Canadian National sweetened its offer to buy Kansas City Southern railroad Thursday and derailed rival Canadian Pacific s bid for the railroad that handles traffic in the United States and Mexico. Kansas City Southern said Thursday that it determined Canadian National s revised $33.6 billion offer was better than the $25 billion agreement it had with Canadian Pacific. CN’s latest offer still includes $200 in cash for each Kansas City Southern share, but the Canadian railroad is now also offering 1.129 shares of its stock. Previously, Canadian National had been offering 1.059 shares of CN common stock for each share. The transaction also includes about $3.8 billion in Kansas City Southern’s debt. ....