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CN outlines details of strategic plan ajot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ajot.com Daily Mail and Mail on Sunday newspapers.
UPDATE -- CN Outlines Details of Strategic Plan leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Serita's Black Rose to perform for Manistee Shoreline Showcase michigansthumb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from michigansthumb.com Daily Mail and Mail on Sunday newspapers.
Canadian National Railway (CN) has outbid its rival Canadian Pacific to combine services and networks with Kansas City Southern Railway (KCS) in North America. ....
CN to partner Kansas City Southern CN (TSX: CNR, NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that they have entered into a definitive merger agreement to create the premier railway for the 21st century. Under the terms of the agreement, which was unanimously approved by the Board of Directors of each company, KCS shareholders will receive $3252 per common share based on CN’s May 13, 2021 offer, which implies a total enterprise value of $33.6 billion, including the assumption of approximately $3.8 billion of KCS debt. KCS shareholders will receive $200 in cash and 1.129 shares of CN common stock for each KCS common share, with KCS shareholders expected to own 12.6% of the combined company. This represents an implied premium of 45% when compared to KCS’ unaffected closing stock price on March 19, 2021. KCS’ preferred shareholders will receive $37.50 in cash for each preferred share. ....