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CAE Inc (CAE) Q4 2021 Earnings Call Transcript


CAE Inc (CAE) Q4 2021 Earnings Call Transcript
Motley Fool Transcribers
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CAE Inc (NYSE: CAE)
Operator
Good day, ladies and gentlemen, welcome to the CAE Fourth Quarter Conference Call. Please be advised that this call is being recorded.
I would now like to turn the meeting over to Mr. Andrew Arnovitz. Please go ahead.SPONSORED:
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Wall St sees chance of higher bid for Kansas City Southern from Canadian Pacific


3 Min Read
(Reuters) -Wall Street is expecting Canadian Pacific to raise its offer for Kansas City Southern even at the cost of more debt to win the bidding war with larger Canadian railroad rival Canadian National.
FILE PHOTO: A wagon of a freight train of the Kansas City Southern (KCS) Railway Company is pictured in Toluca, Mexico October 1, 2018. REUTERS/Edgard Garrido/File Photo
In the latest twist to the takeover saga, the U.S. railroad operator on Thursday accepted Canadian National’s $33.6 billion offer, leaving Canadian Pacific just five business days to make a new offer.
Analysts said Canadian Pacific was unlikely to let go a chance to be the first railway spanning the United States, Mexico and Canada easily even though it had said it would not leverage its books to outbid Canadian National. ....

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