Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessKansas City Southern in the middle of a bidding war by two...

Kansas City Southern in the middle of a bidding war by two Canadian railroads for access to Mexico

Add to Favorite
Added to Favorite

 

Although the Yellow Brick Road would never go on sale in Kansas, another railroad, the Kansas City Southern is in the middle of a bidding war by two giant Canadian railroads: Canadian National and Canadian Pacific. Canadian Pacific had put in a bid for $25 billion but Canadian National recently offered $33.7 billion. One of the reasons for the huge interest is that the combined railroad would span the entire Northern continent from Canada to Mexico.

 

On Tuesday, after this news was reported, shares of Kansas City Southern surged by more than 15 percent while those of Canadian National decreased by 7 percent while shares of Canadian Pacific fell by about 2 percent.

 

It will be difficult for Kansas City Southern to ignore the Canadian National offer unless Canadian Pacific comes up with a better deal than that was offered by them in March. The offer by Canadian National put a $325 per share value which is 27 percent higher than its closing share on Monday and 45 percent higher than its closing price before the announcement of the deal with Canadian Pacific in March.

 

In March, Kansas City Southern and Canadian Pacific had struck a deal that would allow the two companies to merge and create a railroad that would span the entire North America. After the offer from Canadian National, the company said that it would respond in due course and that no decision had been made, as of now. Canadian Pacific declined to comment.

 

Rail assets in Mexico have been the main driving force behind the attractiveness of merging or taking over Kansas City Southern railroad. There had been signs that major railroad American or Canadian companies would look into its acquisition. Currently, it appears as if it will be a Canadian giant railroad which will buy the company and increase its transportation across the North America.

 

Subscribe to get Latest News Updates

Latest News

You may like more
more

CWEB Urges Web Shoppers to Complete Purchases by Christmas Eve as Walmart Closes on Christmas Day

Walmart (WMT), the nation's largest retailer, will remain closed...

KULR Technology Group’s Recent Achievements and Market Performance

Benchmark upgraded KULR (AMEX:KULR) to a "Buy" rating, reflecting...

Conagra Brands, Inc. (NYSE:CAG) Surpasses Earnings Estimates

Conagra Brands, Inc. (NYSE:CAG) reported an EPS of $0.70,...