September 24, 2021 | CN, Headlines, KCS
(Source: Bloomberg News, September 23, 2021) NEW YORK — The head of Quebec’s largest fund manager is backing the board and management of Canadian National Railway Co. in their fight against an unhappy shareholder, saying they were right to attempt a takeover of Kansas...
September 21, 2021 | CN, CP, Headlines, KCS, STB
(Source: Railway Age, September 21, 2021) NEW YORK — A few days after throwing in the towel on its attempted merger with Kansas City Southern, and facing a board and management reorganization forced by activist investor and “beneficial owner” TCI Fund Management Ltd.,...
September 21, 2021 | CN, CP, Headlines, KCS, STB
(Source: BNN Bloomberg, September 21, 2021) NEW YORK — BMO Capital Markets is downgrading its view on Canadian National Railway Co. with its analyst saying the railroad operator’s strategic plan announced last week may fall short of tapping into the...
September 20, 2021 | CN, CP, Headlines, KCS, STB
(Source: Railway Age, September 17, 2021) NEW YORK — “I am elated for our CP family,” an understandably energized Canadian Pacific President and CEO Keith Creel told Railway Age Editor-in-Chief William C. Vantuono the day after a joint call with analysts with his...
September 20, 2021 | CN, Headlines, KCS
(Source: Canadian Press, September 17, 201) MONTREAL — Canadian National Railway Co. announced a new strategic plan on Friday as it looks to move past its failed bid for a U.S. railway and stave off criticism from an activist investor looking to make leadership...
September 17, 2021 | CN, CP, Headlines, KCS, STB
(Source: BNN Bloomberg, September 16, 2021) CALGARY — Canadian Pacific Railway Ltd.’s acquisition of Kansas City Southern could be complete by next fall, the Calgary-based railway said Thursday. “That’s what best case looks like, and that’s what...
September 17, 2021 | CN, CP, Headlines, KCS, STB
(Source: Regina Leader-Post, September 16, 2021) REGINA, Saskatchewan — Canadian Pacific Railway Ltd.’s chief executive Keith Creel is barreling ahead with his newly won bid for a U.S. railway, with his sights set on closing the deal by the end of next year — if the...
September 17, 2021 | CN, CP, Headlines, KCS, STB
(Source: Railway Age, September 15, 2021) NEW YORK — On Sept. 15, sooner than expected, Kansas City Southern’s Board of Directors unanimously determined that the acquisition proposal KCS received from Canadian Pacific on Sept. 12, 2021 continues to constitute a...
September 16, 2021 | CN, CP, Headlines, KCS, STB
(Source: Trains Magazine, September 15, 2021) KANSAS CITY, Mo. — The four-month battle for Kansas City Southern is officially over. KCS and Canadian National ripped up their $33.6 billion merger agreement today, 15 days after the Surface Transportation Board denied...
September 14, 2021 | CN, CP, Headlines, KCS, STB
(Source: Reuters, September 12, 2021) NEW YORK — Kansas City Southern said on Sunday it planned to accept Canadian Pacific Railway Ltd’s $27.2 billion cash-and-stock acquisition offer as superior to its $29.6 billion deal to sell itself to Canadian National...
