Page 11 - Patrickj Ottensmeyer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Operator Good morning, and welcome to the Kansas City Southern's Second Quarter 2021 Earnings Conference Call. [Operator Instructions] It is now my pleasure to introduce you to Ashley Thorne, Vice President, Investor Relations for Kansas City Southern. Ashley Thorne -- Vice President, Investor Relations Thank you, Jason. Good morning, and thank you for joining Kansas City Southern's second quarter 2021 earnings call. Before we begin, I want to remind you that this presentation contains forward-looking statements within the meaning of the Securities Exchange Act as amended. Actual results cou...

With commitment to divest the small overlapping portion of lines with KCS, CN-KCS combination is now a fully end-to-end merger Filing details why...

CN to partner Kansas City Southern CN (TSX: CNR, NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that they have entered into a definitive merger agreement to create the premier railway for the 21st century. Under the terms of the agreement, which was unanimously approved by the Board of Directors of each company, KCS shareholders will receive $3252 per common share based on CN’s May 13, 2021 offer, which implies a total enterprise value of $33.6 billion, including the assumption of approximately $3.8 billion of KCS debt. KCS shareholders will receive $200 i...

Kansan City Southern, Canadian National finalize railway merger The deal connects ports in Tamaulipas, Veracruz and Michoacán to the US and Canada Published on Monday, May 24, 2021 130shares Railway company Canadian National (CN) agreed to a US $33.6-billion deal to take over Kansas City Southern (KCS) on Friday, which will connect ports between Mexico, the United States and Canada with 42,000 kilometers of track. KCS transports freight from the ports of Tampico and Altamira in Tamaulipas, the port of Veracruz, and from the Pacific port of Lázaro Cárdenas in Michoacán. It takes automob...

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...