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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (107610)5/25/2021 7:46:54 AM
From: Goose94Read Replies (1) of 202987
 
Canadian National Railway (CNR-T) Will lose the battle for Kansas City Southern (KSU-NY) anti-competitive nature of Canadian Pacific Railway (CP-T) argument.

Canadian National Railway emerged the victor in the takeover fight for Kansas City Southern on Friday.

CNR faces two new battles at the Surface Transportation Board. First, CNR must convince the STB to approve the voting trust that will independently operate KCS while awaiting the outcome of the second battle -- for STB approval of the takeover itself.

National Bank analyst Cameron Doerksen says, "In our view approval is far from assured." A ruling on the takeover could take until late 2022 or early 2023. The deal also requires approval by the Mexican regulator and a majority of KCS shareholders.

The takeover would form the first railway that links the three North American countries and give CNR access to key ocean and river ports in the southern U.S., Gulf of Mexico and Atlantic and Pacific coasts of Mexico. KCS's network, which runs south from the U.S. Midwest, reaches deep into the Mexican petroleum and automotive industrial regions.

KCS employs 6,500 people who run an 11,400-kilometre network. CP boss Keith Creel is dubious of CNR's ability to win approval from the STB for the trust and the takeover.
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