Sovereign wealth funds and public pensions have steadily increased allocation to the self-storage industry whether through direct investments, fund investments, or through publicly-traded real estate investment trusts (REIT). For many large investors, REITs have offered the greatest liquidity opportunities. Some notable private deals on the state-owned investor side include the Florida State Board of Administration […]
CN Says It s Still Committed to $33 6B Railroad Acquisition manufacturing.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manufacturing.net Daily Mail and Mail on Sunday newspapers.
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Investor urges Canadian National to drop bid for US railroad
A major Canadian National shareholder is urging the railroad to abandon its $33.6 billion bid to buy Kansas City Southern after regulators dealt the deal a procedural setback this week
By JOSH FUNK AP Business Writer
May 18, 2021, 10:13 PM
• 3 min read
The Associated Press
FILE - In this Nov. 5, 2004 file photo, the logo of Kansas City Southern is down on a restored 1954 Kansas City Southern passenger locomotive at Union Station in Kansas City, Mo. A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway. The bid trumps a $25 billion cash-and-stock proposal made by Canadian Pacific last month. Shares of Kansas City Southern jumped more than 18% in Tuesday, April 20, 2021 premarket trading.(Norman Ng/The Kansas City Star via AP)
Canadian National says still committed to buying US railroad
by Josh Funk, The Associated Press
Posted May 19, 2021 3:07 pm EDT
Last Updated May 19, 2021 at 3:14 pm EDT
OMAHA, Neb. (AP) Canadian National railroad is indicating it remains committed to its $33.6 billion acquisition of Kansas City Southern, despite reservations from one major shareholder and a regulatory setback.
CN CEO JJ Ruest on Wednesday underscored what he sees as the potential benefits of the deal and he believes most of his shareholders support it. He said he is also confident that regulators will eventually approve CN’s acquisition of Kansas City Southern, which would be the first major railroad merger in more than 20 years.