merger
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Rivalry heats up as CP and CN both get good news in KCS bid
U.S. regulator says merger waiver applies to CP but KCS board gives CN bid a boost
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CN outbids CP in US$33.7 billion offer Kansas City Southern
A bidding war is breaking out for Kansas City Southern, with Canadian National Railway beating CP’s US$25 billion cash and stock offer
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CP and KCS begin fight for merger with regulator
Railways made a filing with the U.S. Surface Transportation Board (STB) asserting their right to have the STB review their combination
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CP quits Norfolk Southern merger bid
Also withdrawing resolution asking NS shareholders to vote in favour of good-faith negotiations between the two companies
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CP approached CSX about deal while pursuing NS
CP CEO Hunter Harrison said his railroad remains committed to its roughly $30 billion bid for Norfolk Southern
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CP says it is considering legal action in merger bid
Railroad says its response will be to “ensure a level playing field”
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CSX CEO opposes railroad mergers
They don’t offer significant benefits, and federal regulators might not approve them, says Michael Ward, CSX’s chairman and CEO
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CP Rail says Norfolk Southern merger required
Needed to support growth in the North American economy
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CP sweetens Norfolk Southern takeover offer
Shareholders would receive payout if combined company’s share value doesn’t reach minimum value
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CP and Norfolk Southern in war of words
CP criticizes assumptions Norfolk Southern is making about proposed merger