Kansas City Southern (TSX:KSU). These railroad stocks have generated a tonne of buzz following an initial CP bid to buy out KSU.
However, a higher competing offer from CN has ultimately won out. CN and KSU are now poised to become the largest intra-continental railroad in North America. For investors, this is a big deal.
However, the question remains: is now the time to buy CN ahead of this merger? Let’s discuss.
A little backstory
In late March, CP and KSU announced they had entered a merger agreement. The agreement saw CP acquiring KSU with an enterprise value of US$29 billion, of which US$3.8 billion was debt. In this offer, KSU was valued at US$275 per share with a 23% premium to the closing price of March 19.
We asked our Foolish writers for their top ideas for March. Their picks include WELL Health Technologies (TSX:WELL), TC Energy (TSX:TRP)(NYSE:TRP), and Cineplex (TSX:CGX). Click here to see the rest!
This month's selection of new products includes an altruistic rum, new ultra lightweight glassware from Nude and a premium Prosecco looking to have a pop at champagne.
Hires, Wins & Business 10 Add to collection
Aaron Kovan returns to McCann as chief production officer, McCann NY
McCann Worldgroup announced today the promotion of Nathy Aviram to chief production officer for Craft North America. Aviram will continue in his current role of chief production officer of McCann North America.
In addition, Aaron Kovan will be returning to McCann Worldgroup to fill Aviram’s former role as chief production officer for McCann New York, where he will oversee integrated production efforts for the agency.
Both appointments are part of a commitment by the agency to drive tighter integration between ideation and creation.