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The Daily Chase: Feud over K.C. Southern intensifies; BoC puts borrowers on notice


The Daily Chase: Feud over K.C. Southern intensifies; BoC puts borrowers on notice
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Let there be no mistake: the gloves are off in the battle for control of Kansas City Southern. In a conference call brought to us by the word “truth” yesterday, Canadian Pacific Railway CEO Keith Creel virtually bypassed the latest quarterly results in favour of a full-throttled takedown of the rival proposal from Canadian National which, in his mind, amounts to “fantasy money” and is bound to fail. Lest there be any doubt about where he stands, Creel also suggested in a letter to KCS Chief Executive Officer Pat Ottensmeyer that CN doesn’t actually want to do the deal. The biggest question remains the same: How will KCS respond to the CN proposal? ....

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