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

  • April 26, 2021

POTENTIAL DEAL DETAILS

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).

Update(s):

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)

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.