CP - Canadian Pacific CEO calls Canadian National rival bid for KSU 'fantasyland'

April, 22 2021 12:15 PM Canadian Pacific Railway Limited

Canadian Pacific (CP) CEO Keith Creel said he considers Canadian National Railway's (CNI) rival $325/share bid for Kansas City Southern (KSU) as not a real offer. It's not a real deal as far as I'm concerned," Creel said on the company's earning conference call last night. "It's kind of fantasy land."Creel was responding to a question if he would be willing to raise Canadian Pacificic's bid to be closer to Canadian National's offer." So my answer would be it's nothing that we're considering at all," Creel said.Recall earlier this week, Kansas City Southern is said likely to seriously consider bid, though tougher sell to regulators.Yesterday, Canadian Pacific Railway EPS in-line, misses on revenue.

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Canadian Pacific CEO calls Canadian National rival bid for KSU 'fantasyland'

Company Name:	Canadian Pacific Railway Limited
Stock Symbol:	CP
Market:	NYSE

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