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Oilers-Flames. Ali-Frazier. Yankees-Red Sox.
Great competitors need memorable, winner-take-all battles to leave a lasting mark. A little bit of trash-talking doesn’t hurt, either.
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Try refreshing your browser, or Varcoe: CP-CN struggle over Kansas City Southern Railway turns into grudge match Back to video
The same holds true in business. The country’s two largest railways Canadian Pacific Railway and Canadian National Railway have found a new battle line for their historic competition: the struggle to acquire Kansas City Southern.
“It’s the epitome, it’s the culmination (of the rivalry). It’s like a Shakespearean plot,” Anthony Hatch, an independent New York-based transportation analyst with ABH Consulting, said in an interview.
FreightWaves Classics: The Soo Line was founded to serve Twin Cities millers and ag interests freightwaves.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freightwaves.com Daily Mail and Mail on Sunday newspapers.
CN Rail Tops Rival With $30 Billion Offer for K.C. Southern
Bloomberg 1 hr ago Anthony Palazzo and Derek Decloet
(Bloomberg) Canadian National Railway Co. offered $30 billion to snatch Kansas City Southern away from a rival, spurring a possible bidding war over one of the industry’s biggest deals in decades.
The $325-a-share bid consists of $200 in cash and 1.059 Canadian National shares for each share of Kansas City Southern, Montreal-based CN said in a statement Tuesday. Canadian National gave its offer an enterprise value of $33.7 billion.
The bid is about 20% higher than a $25 billion deal Kansas City Southern made with Canadian Pacific Railway Ltd. last month.
CN Rail Chief Pounces While Kansas City Southern Is in Play
Bloomberg 2 hrs ago Thomas Black and Derek Decloet
(Bloomberg) Canadian National Railway Co. offered $30 billion to snatch Kansas City Southern from a rival, spurring a possible bidding war in one of the industry’s biggest potential deals in decades.
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The bid of $325 a share consists of $200 in cash and 1.059 Canadian National shares for each share of Kansas City Southern, Montreal-based CN said in a statement. Canadian National gave its offer an enterprise value of $33.7 billion.
Tuesday’s offer tops a $25 billion deal Kansas City Southern reached with Canadian Pacific Railway Ltd. last month.
CN Rail Leapfrogs Rival With $30 Billion Offer for K C Southern msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.