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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (105762)	4/21/2021 7:27:50 AM
From: Goose94	Read Replies (1) of 203397

Canadian National Railway (CNR-T) An Elephant vs. the Mouse CP Rail (CP-T) Canadian National Railway has topped rival Canadian Pacific Railway's offer for Kansas City Southern. The Globe's Eric Atkins writes that CNR offered $29.9-billion (U.S.) in cash and stock for KCS on Tuesday. CP's offer is worth $25.2-billion (U.S.). CP's offer needs the nod of shareholders and U.S. regulators. KCS offers access to Pacific Ocean and Gulf of Mexico ports, as well as routes to Mexican auto plants, and petroleum and grain markets. CNR's deal could face a tougher ride winning U.S. regulatory approval, because of network overlap. CP is expected to raise its bid, analysts said. The battle for KCS could lead to the first takeover of a major U.S. railway in more than 20 years. Mr. Atkins says KCS is a coveted railway based on its network that begins in the industrial and agricultural heartland of the United States, touches the consumer-rich metropolises of Dallas and Houston, and reaches the port of New Orleans and Mexico's Gulf and Pacific coasts. An observe notes that KCS is the last remaining large U.S. railway that could be bought without touching off antitrust furors in Congress and among rail customers.

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