(Source: Canadian Press, April 21, 2021)
CALGARY — The CEO of Canadian Pacific Railway Ltd. says a rival bid for Kansas City South-ern by Canadian National Railway Co. carries a bigger price tag but can’t win U.S. regulatory ap-proval because of its negative effects on competition. During the Calgary-based company’s first-quarter financial results call Wednesday after markets closed, CP CEO Keith Creel listed off a long series of “truths” that suggest CP’s offer made last month is better for shippers and investors than CN’s competing bid made Tuesday.
Full story: Burnaby Now