Kansas City Southern Chooses Suitor in Bid for North American Rail Link.

[elleng]

After the merger with Canadian Pacific, the railroad will connect Canada, the United States and Mexico.

'Kansas City Southern said on Sunday that it had deemed an offer from Canadian Pacific superior to a bid from Canadian National, in the latest turn in a monthslong battle to become the first railroad to connect North America.

Canadian Pacific first put forward a roughly $29 billion bid for Kansas City Southern in March, before being topped by a $33.7 billion offer from its rival, Canadian National, in April. But the Canadian National deal hit a key regulatory challenge this month, sending Kansas City back to talks with Canadian Pacific. The talks proved fruitful.

The crown jewel in the deal is Mexico, as the railroads look to capitalize on trade flows across North America on the heels of the United States-Mexico-Canada Agreement signed into law last year.

Closing a deal could take time. It must be approved by shareholders of both companies, as well as approved by Mexican authorities and the Surface Transportation Board, the U.S. regulatory board that oversees rail deals.'>>>

https://www.nytimes.com/2021/09/12/business/kansas-city-southern-canadian-pacific.html

((MY job! NOW I'm sorry I've retired (but wasn't really my choice.))

[mahatmakanejeeves]

1. At another social media site years ago, I would "talk" regularly with someone who

Last edited Mon Sep 13, 2021, 01:50 PM - Edit history (1)

was a big advocate of KCS stock. I suspect he made out well.

[elleng]

2. Prolly did; they've been creeping up 'lately.'

I regulated them, especially mergers, so never held any stock.