Merger Arbitrage Tool

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  Target Announced Date Acquirer Deal
Type
Closing
Value
Deal
Price
Last
Price
Target
Volume
Options Div. Yield Estimated
Closing Date
Return Annualized
Return
KSU chart 5/21/21 Canadian National Railway Company (CNI) Cash Plus Stock $33.6 B $320.98 $265.60 432,203 Yes 0.81% 12/31/22 20.85% 14.78%

The following funds have a position in Kansas City Southern:
1. Gabelli Funds LLC
2. Magnetar Financial LLC
3. Omni Partners LLP
4. Pentwater Capital Management LP
5. Taconic Capital Advisors LP
6. Harvest Management LLC

Kansas City Southern merger details:

Expected to close in the secod half of 2021 for a closing value of $30.6 billion in a cash plus stock deal. Under the terms of the agreement, KCS shareholders will receive $200 in cash and 1.129 shares of CN common stock for each KCS common share.

Merger Agreement

Kansas City Southern Investor Relations

Canadian National Railway Company Investor Relations

Update(s)

June 15, 2021: Canadian National Railway (CNI) and Kansas City Southern (KSU) submitted final documents requested by the Surface Transportation Board in support of approval for a voting trust.

June 23, 2021: Canadian National Railway Company (CNI) and Kansas City Southern (KSU) announced that the International Brotherhood of Boilermakers filed a letter of support for CN’s and KCS’ proposed voting trust with the Surface Transportation Board. 

June 29, 2021: Canadian National Railway Company (CNI) and Kansas City Southern (KSU) announced that three local union committees representing CN and KCS employees in the United States that are affiliated with the Brotherhood of Locomotive Engineers and Trainmen have filed four letters in support of the proposed voting trust with the Surface Transportation Board. CNI and KSU also noted that the Surface Transportation Board’s comment period regarding the companies’ application for approval of a voting trust has closed, marking another key step toward the combination of the two companies.

July 30, 2021: According to Reuters, Canadian Pacific Railway (CP) asked Kansas City Southern (KSU) shareholders to vote against a deal with Canadian National Railway (CNI) at a meeting next month.

Note: Premium members can sort this table by Target, Return, Annualized Return and Estimated Closing Date. Desktop Version

  Target Estimated
Closing Date
Return Annualized
Return
KSU chart 12/31/22 20.85% 14.78%

The following funds have a position in Kansas City Southern:
1. Gabelli Funds LLC
2. Magnetar Financial LLC
3. Omni Partners LLP
4. Pentwater Capital Management LP
5. Taconic Capital Advisors LP
6. Harvest Management LLC

Kansas City Southern merger details:

Expected to close in the secod half of 2021 for a closing value of $30.6 billion in a cash plus stock deal. Under the terms of the agreement, KCS shareholders will receive $200 in cash and 1.129 shares of CN common stock for each KCS common share.

Merger Agreement

Kansas City Southern Investor Relations

Canadian National Railway Company Investor Relations

Update(s)

June 15, 2021: Canadian National Railway (CNI) and Kansas City Southern (KSU) submitted final documents requested by the Surface Transportation Board in support of approval for a voting trust.

June 23, 2021: Canadian National Railway Company (CNI) and Kansas City Southern (KSU) announced that the International Brotherhood of Boilermakers filed a letter of support for CN’s and KCS’ proposed voting trust with the Surface Transportation Board. 

June 29, 2021: Canadian National Railway Company (CNI) and Kansas City Southern (KSU) announced that three local union committees representing CN and KCS employees in the United States that are affiliated with the Brotherhood of Locomotive Engineers and Trainmen have filed four letters in support of the proposed voting trust with the Surface Transportation Board. CNI and KSU also noted that the Surface Transportation Board’s comment period regarding the companies’ application for approval of a voting trust has closed, marking another key step toward the combination of the two companies.

July 30, 2021: According to Reuters, Canadian Pacific Railway (CP) asked Kansas City Southern (KSU) shareholders to vote against a deal with Canadian National Railway (CNI) at a meeting next month.

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