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Kansas City Southern (KSU) approached by Canadian National Railway (CNI)

  • April 26, 2021


StockKansas City SouthernSymbolKSU
Date Announced04/24/2021Source Press Release
TypeNews Report
Date of Confirmation: N/APrice at Confirmation: $282.31
Potential Profit: -6.18%Annualized Profit: N/A

Kansas City Southern (KSU) today announced that its Board of Directors has unanimously determined, after consultation with the Company’s outside legal and financial advisors, that the unsolicited proposal received from Canadian National Railway (CNI) on April 20, 2021, to acquire KCS in a cash and stock transaction valued by CN at $325 per KCS share could reasonably be expected to lead to a “Company Superior Proposal” as defined in KCS’s merger agreement with Canadian Pacific Railway Limited (CP).


May 13, 2021: Canadian National Railway Co. (CNI) took the lead in the race to acquire Kansas City Southern (KSU) , which declared the railroad operator’s roughly $30 billion takeover bid superior to a rival proposal.

September 15, 2021: Kansas City Southern (KSU) Terminates Canadian National Railway (CNI) Merger Agreement and Is Entering Into Merger Agreement with Canadian Pacific Railway (CP)

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