Creel to Ottensmeyer: ‘This Unique Combination is the Perfect Fit for Us’
Creel to Ottensmeyer: ‘This Unique Combination is the Perfect Fit for Us’ Written by William C. Vantuono, Editor-in-Chief
Canadian Pacific President and CEO Keith Creel on April 21 issued a letter to his counterpart and intended merger partner, Kansas City Southern President and CEO Pat Ottensmeyer, stating that CP is fully committed to the CP/KCS transaction, that the two companies are “a perfect match,” and that while respecting KCS’s duty to its shareholders to evaluate CN’s rival offer, CN’s counter is “plainly inferior.”
Railway Age obtained a copy of Creel’s letter, which is reproduced in full below:
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