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  • Photo: CN

22.04.2021

Artikel Nummer: 36153

CN outbids CPR


Canadian National Railways (CN) has made a superior proposal to combine with Kansas City Southern (KCS). With USD 325 per KCS share, the bid represents a 21% premium over the implied value of Canadian National Railways' (CP) transaction and rates KCS at an enterprise value of US 33.7 billion. A month before, CP offered USD 25 billion for the takeover of KCS.

 

KCS has railway investments in the USA, Mexico and Panama. CN currently estimates that the combination would result in ebitda synergies approaching USD 1 billion annually.

 

CN and KCS have highly complementary networks with minimal overlap, CN said. Together, they will have a network of end-to-end single-line services from Mexico to Canada, with an enhanced ability to connect ports in the Atlantic, Pacific and the Gulf of Mexico. (ben)

www.kcsouthern.com

www.cn.ca

www.cpr.ca

 

 

 

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