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There’s never a dull moment when it comes to the Great Canadian Railway Rumble of 2021.
On Thursday, Canadian Pacific Railway chief executive Keith Creel pledged he wouldn’t leverage up his balance sheet to engage in a bidding war with Canadian National Railway as the two companies pursue Kansas City Southern (KCS).
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Try refreshing your browser, or Chris Varcoe: Train in vain? CP boss won t get into destructive bidding war for Kansas City Southern Back to video
The Canadian rivals have made duelling offers this spring for KCS, the smallest U.S. Class 1 railway, with CP’s initial friendly US$25-billion deal later topped by an unsolicited $30-billion bid from CN.
Kansas City Southern CEO knows he s got the route network Canada s two railway giants desperately need
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Kansas City Southern endorses CN s takeover bid - The Globe and Mail
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