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CP Canadian Pacific Kansas City Limited

79.90
2.33 (3.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Canadian Pacific Kansas City Limited NYSE:CP NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.33 3.00% 79.90 79.78 78.11 78.67 3,100,757 01:00:00

Canadian National Plans To Make $30 Billion Topping Bid for Kansas City Southern

20/04/2021 12:15pm

Dow Jones News


Canadian Pacific Kansas ... (NYSE:CP)
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From May 2019 to May 2024

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By Cara Lombardo 

Canadian National Railway Railway Co. is planning to make a roughly $30 billion topping bid for Kansas City Southern, according to people familiar with the matter, likely kicking off a bidding war for a railroad operator that has already agreed to a sale to another Canadian rival.

Canadian National plans to offer $325 for each Kansas City Southern share Tuesday, including $200 a share in cash and 1.059 Canadian National shares, the people said. The offer represents about a 20% premium to Canadian Pacific Railway Ltd.'s agreement to pay $275 a share including $90 in cash, a roughly $25 billion deal reached last month.

Write to Cara Lombardo at cara.lombardo@wsj.com

 

(END) Dow Jones Newswires

April 20, 2021 07:00 ET (11:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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