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Chris Varcoe: Train in vain? CP boss won't get into 'destructive' bidding war for Kansas City Southern

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There’s never a dull moment when it comes to the Great Canadian Railway Rumble of 2021.
On Thursday, Canadian Pacific Railway chief executive Keith Creel pledged he wouldn’t leverage up his balance sheet to engage in a bidding war with Canadian National Railway as the two companies pursue Kansas City Southern (KCS).
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Chris Varcoe: Train in vain? CP boss won t get into destructive bidding war for Kansas City Southern Back to video
The Canadian rivals have made duelling offers this spring for KCS, the smallest U.S. Class 1 railway, with CP’s initial friendly US$25-billion deal later topped by an unsolicited $30-billion bid from CN. ....

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CP Rail CEO Aims to Cool Talk of K.C. Southern Bidding War

CP Rail CEO Aims to Cool Talk of K.C. Southern Bidding War
Bloomberg
4/28/2021
Thomas Black
(Bloomberg) Canadian Pacific Railway Ltd.’s chief executive officer tried to quash speculation that a bidding war is at hand for Kansas City Southern.
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Rival bidder Canadian National Railway Co. has deeper pockets, giving it an advantage if money is the sole consideration for the U.S. carrier, Canadian Pacific CEO Keith Creel said Wednesday.
“We don’t want a bidding war,” he said at conference sponsored by the North East Association of Rail Shippers. “It’s not something that we’ll participate in, and ultimately, it’s a war that we would not win.” ....

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From the bottom up: CP Rail's Keith Creel steps out from Hunter Harrison's shadow to cement his own legacy

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Keith Creel was just a relatively raw kid from Alabama when Hunter Harrison summoned him to the 21st floor of the NBC Tower in Chicago for a meeting in 1996. It’s a day vividly imprinted on his memory 26 years later, because days like that were not supposed to happen to people like him.
Harrison, a brash southerner, with a rich baritone voice, a taste for Marlboro Red cigarettes and stiff drinks, and a reputation as a master storyteller, was chief executive of Illinois Central Railroad and already a legend in railroad circles.
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CP deal could be easier sell in wake of continental trade deal and pandemic's economic shifts

CP deal could be easier sell in wake of continental trade deal and pandemic's economic shifts
theobserver.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theobserver.ca Daily Mail and Mail on Sunday newspapers.

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CP deal could be easier sell in wake of continental trade deal and pandemic's economic shifts

CP deal could be easier sell in wake of continental trade deal and pandemic's economic shifts
kingstonthisweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kingstonthisweek.com Daily Mail and Mail on Sunday newspapers.

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