May 24, 2021 | CN, Headlines
(Source: Chicago Daily Herald, May 24, 2021) CHICAGO — The brawl between railroad giants Canadian National and Canadian Pacific to acquire Kansas City Southern Railway tilted in CN’s direction Friday when officials announced a merger agreement with KCS. But many...
May 24, 2021 | CN, Headlines
(Source: Canadian National Railway and Kansas City Southern joint press release, May 21, 2021) MONTREAL and KANSAS CITY, Mo. — CN and Kansas City Southern (“KCS”) today announced that they have entered into a definitive merger agreement to create the premier railway...
May 24, 2021 | CN, Headlines
(Source: Railway Age, May 21, 2021) NEW YORK — 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. CN’s revised offer was submitted to and...
May 24, 2021 | CN, Headlines
(Source: Associated Press, May 21, 2021) OMAHA, Neb. — Kansas City Southern has abandoned its agreement to be acquired by Canadian Pacific, choosing instead a competing bid from Canadian National Railway with a bigger price tag, but also greater regulatory risks. Full...
May 21, 2021 | CN, Headlines
(Source: Canadian Press, May 20, 2021) TORONTO — Canadian Pacific Railway Ltd. has told Kansas City Southern that it won’t raise its takeover bid and urged the U.S. railway to reject rival CN Rail’s US$33.6-billion offer that it claims won’t be...
May 21, 2021 | CN, Headlines
(Source: Associated Press, May 20, 2021) OMAHA, Neb. — Canadian National railroad is indicating it remains committed to its $33.6 billion acquisition of Kansas City Southern, despite reservations from one major shareholder and a regulatory setback. Full story:...
May 20, 2021 | CN, Headlines
(Source: Progressive Railroading, May 19, 2021) CN yesterday filed with the Surface Transportation Board a request to establish a procedural schedule for review of the voting trust that CN intends to use for its planned merger with Kansas City Southern. Full story:...
May 20, 2021 | CN, Headlines
(Source: Canadian Press, May 19, 2021) MONTREAL — Canadian National Railway Co. says Bill Gates and the Caisse de dépôt et placement du Québec are supporting the company’s $33.6-billion (U.S.) bid to acquire Kansas City Southern. Full story: Toronto...
May 19, 2021 | CN, Headlines
(Source: Associated Press, May 18, 2021) OMAHA, Neb. — A major Canadian National shareholder is urging the railroad to abandon its $33.6 billion bid to buy Kansas City Southern after regulators dealt the deal a procedural setback this week. Full story: Yahoo...
May 18, 2021 | CN, Headlines
(Source: Logistics Management, May 17, 2021) NEW YORK — Not long after Canadian National (CN) appeared to have the upper hand over its Canadian Class I railroad brethren Canadian Pacific (CP), in their respective efforts to acquire Kansas City Southern (KCS), the...
