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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (105923)	4/22/2021 8:00:08 AM
From: Goose94	Read Replies (1) \| Respond to of 202922

Canadian Pacific Railway (CP-T) CEO attacks Canadian National Railway (CNR-T) offer for K.C. Southern as 'fantasy' Let there be no mistake: the gloves are off in the battle for control of Kansas City Southern. In a conference call brought to us by the word “truth” yesterday, Canadian Pacific Railway CEO Keith Creel virtually bypassed the latest quarterly results in favour of a full-throttled takedown of the rival proposal from Canadian National -- which, in his mind, amounts to “fantasy money” and is bound to fail. Lest there be any doubt about where he stands, Creel also suggested in a letter to KCS Chief Executive Officer Pat Ottensmeyer that CNR doesn’t actually want to do the deal. The biggest question remains the same: How will KCS respond to the CNR proposal? As for the quarter: The cost of chasing Kansas City Southern is already showing up on CP’s books: $36 million in expenses tied to the takeover agreement were recognized in a first quarter that saw CP far outpace profit expectations even as revenue fell. BNN.ca