Hints and tips:
...Commercial and strategic advice WINNER: Canadian Pacific Originality: 8; Leadership: 8; Impact: 7; Total: 23 The railway company’s legal team helped in its bid for Kansas City Southern....
...Hohn’s disapproval of CN management stems from its failed attempt to buy Kansas City Southern in a deal that would have turned the combination into the third-largest railroad operator by revenue in North...
...UK hedge fund manager Chris Hohn has demanded that Canadian National abandon its $34bn pursuit of Kansas City Southern, after a US railroad regulator rejected the way the transaction was structured as it...
...Canadian Pacific made a new, higher offer on Tuesday to buy Kansas City Southern worth about $31bn, including debt, reviving its takeover battle for the US freight railroad with arch-rival Canadian National...
...Whoever wins the Canadian battle over Kansas City Southern, the smallest of the seven Class 1 railways that haul US freight, will pull off the first major rail deal since 1999, when CSX and Norfolk Southern...
...But to understand Canadian Pacific Railway’s purchase of US operator Kansas City Southern for $28.9bn, we need to go back 10 years in time....
...(FT) Railroad deal is the biggest of the year Canadian Pacific has agreed to buy Kansas City Southern for $28.9bn, including debt, in the largest takeover so far this year....
...Union Pacific, Norfolk Southern and Kansas City Southern — the other big listed US railroads — have since taken precision methods aboard....
...A series of mergers in the 1990s left just Union Pacific and Burlington Northern Santa Fe in the western US; Norfolk Southern and CSX in the eastern US; CP and Canadian National in Canada; and Kansas City...
...The industry’s current structure — with CSX and NS in the eastern US, Union Pacific and BNSF in the west, CP and Canadian National in Canada and Kansas City Southern operating north-south — is widely regarded...
...A seventh — far smaller — Class I, Kansas City Southern, operates north-south from Canada down into Mexico....
...The S&P 500 railroads index, which consists of CSX, Kansas City Southern, Norfolk Southern and Union Pacific Corp stocks, closed 0.6 per cent lower on the news....
...Kansas City Southern: $1.81bn Smallest of the US and Canadian Class Is, Kansas City Southern markets itself as “the Nafta railroad”, since its main routes run north to south, linking Canada to Mexico....
...Railroads’ finances have improved as growing traffic levels have filled up the available capacity of their networks....
...The seventh and smallest Class I – Kansas City Southern – operates mainly in a north-south corridor from the Canadian border through the Midwest into Mexico, where it owns one of the country’s two largest...
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