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Indian Morning Briefing: Asian Markets Mixed
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EMEA Morning Briefing: Doubts Over Economic Bounce to Hold Back Shares Again
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Crearán red ferroviaria que cruzará Canadá, EEUU y México
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Le CP ne veut pas surenchérir dans sa bataille avec le CN aux États-Unis
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CN Rail Leapfrogs Rival With $30 Billion Offer for K.C. Southern
Bloomberg 32 mins 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.