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CP, Still in Pursuit of KCS, Ups Its Ante; STB Voting Trust Decision Could Come Soon (UPDATED)
Written by William C. Vantuono, Editor-in-ChiefAugust 10, 2021, 1:30 PM EDT: More than likely anticipating that the Surface Transportation Board will reject the CN/Kansas City Southern voting trust, and soon—prior to the Aug. 19 KCS shareholder vote to approve or reject CN’s $325 per-share offer to acquire KCS—Canadian Pacific has submitted a US$300 per-share offer to KCS that consists of $90 in cash plus shares.