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Kansas City Southern (NYSE: KSU) (“KCS”) today announced that its Board of Directors has unanimously determined, after consultation with the Company’s outside legal and financial advisors, that the unsolicited proposal received from Canadian National Railway (TSX: CNR, NYSE: CNI) (“CN”) on April 20, 2021 to acquire KCS in a cash and stock transaction valued by CN at $325 per KCS share could reasonably be expected to lead to a “Company Superior Proposal” as defined in KCS’s merger agreement with Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”).
KCS intends to provide CN with nonpublic information and to engage in discussions and negotiations with CN with respect to CN’s proposal, subject in each case to the requirements of the CP merger agreement.
Round Lake Park finds new police chief from the ranks Daniel Burch
Updated 3/3/2021 7:08 PM
The new top cop in Round Lake Park is a 24-year department veteran well versed in the responsibilities that come with the post.
As deputy chief, Daniel Burch worked closely with his predecessor, George Filenko, who retired Feb. 19 after serving as chief since 1999. The village board on Tuesday approved Burch as Mayor Linda Lucassen s choice to lead the department.
Burch is the third chief in 26 years after Bruce Johnson and Filenko. The transition is expected to be seamless. Dan was a tremendous asset to me personally and to the department, Filenko said. We worked as partners.