KSU News and Press, Kansas City Southern From 05/18/21

Canadian National (CNI) holder TCI Fund management said the railroad operator should drop its offer for Kansas City Southern (KSU).TCI, run by UK hedge fund manager Chris Hohn, urges Canadian National to give up its bid for KSU unless deal terms are amended so that voting trust approval ...

MONTREAL, May 18, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR, NYSE: CNI) today filed with the Surface Transportation Board ("STB") a request to establish a procedural schedule for review of the voting trust that CN intends to use for its planned merger with Kansas City Southern (NYSE: KSU) (...

Kansas City Southern (KSU) is likely to sign a formal deal with Canadian National Railway (CNI) unless Canadian Pacific (CP) raises its offer by a Thursday deadline, according to CNBC's David Faber.Yesterday, Kansas City Southern fell after regulator says merger waiver provision does not appl...

The U.S. Surface Transportation Board (STB) has dealt a blow to Canadian National Railway 's (NYSE: CNI) effort to acquire Kansas City Southern (NYSE: KSU) , ruling that the suitor's application to create a voting trust to help streamline the deal is incomplete, and determin...

Kansas City Southern ([[KSU]] -2.8%) is having a volatile session after the Surface Transportation Board said its merger rules apply to the company's proposed combination with Canadian National Railway ([[CNI]] +1.7%).Canadian Pacific Railway ([[CP]] -1.6%) had landed a petition for...

Canadian National Railway (TSX:CNR) (NYSE:CNI) is pushing ahead with its plan to outbid rival Canadian Pacific Railway (TSX:CP) (NYSE:CP) for U.S.-based Kansas City Southern (NYSE:KSU) . CN’s share price took a big hit on the news and investors wan...

SPAC Business Combination announcements double compared to the previous week. Potential Deal in the Works Domtar Corporation (UFS) agrees to be acquired by Paper Excellence for $3.02 billion. Chevron Corporation (CVX) closes the acquisition of Noble Midstream Partners (NBLX). ...

Canadian National Railway's (CNI) takeover bid for Kansas City Southern (KSU) appears to pose greater risks to competition than a rival deal with Canadian Pacific Railway (CP), the U.S. Department of Justice says in a filing with the U.S. Surface Transportation Board."A CN-KCS transaction pos...

Kansas City Southern (NYSE: KSU) has accepted a $33.6 billion takeover bid by Canadian National Railway (NYSE: CNI) and intends to terminate its existing agreement with Canadian Pacific Railway (NYSE: CP) . In April, Canadian National launched a surprise bid ...

It would be a surprise for Canadian Pacific (CP) to just walk away from Kansas City Southern (KSU) after CP accepted Canadian National Railway's (CNI) sweetened offer, according to Credit Suisse.There's a possibility that Canadian Pacific could reach out to private equity firms for alternativ...