(Source: Canadian Pacific Railway press release, May 20, 2021)
CALGARY — Today, Canadian Pacific Railway Limited announced that it sent a letter to Kansas City Southern’s (“KCS”) Board of Directors calling on them to reject Canadian National’s (“CN”) proposal in light of intervening events and reaffirming its commitment to the pro-competitive CP-KCS combination and the achievable, compelling value under the pre-existing merger agreement.
The full text of the May 20, 2021 letter is at the link below.
Full story: www.cpr.ca