CN steps up with $33 billion offer for KCS, besting CP’s $25 billion bid
(Source: CBC News, April 20, 2021)
MONTREAL — Canadian National Railway Co. has offered to buy U.S. railway Kansas City Southern in a cash-and-stock bid valued at $33.7 billion US. The offer of $325 a share plus agreeing to take over $3.8 billion worth of KCS's debt tops a proposal made by Canadian Pacific Railway for KCS last month, one that offered $275 a share for a total price tag of $25 billion.
Full story: www.cbc.ca
Wednesday, April 21, 2021
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