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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 |
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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