(Source: Railway Age, May 20, 2021)
NEW YORK — Canadian Pacific President and CEO Keith Creel on May 20 responded to the Kansas City Southern Board of Directors and President and CEO Pat Ottensmeyer calling on them to reject CN’s counter-proposal “in light of intervening events” and stay with “the achievable, compelling value under the pre-existing merger agreement” with CP. Creel also confirmed that CP will not engage in a bidding war with CN.
Full story: Railway Age