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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Kansas City Southern | NYSE:KSU | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 293.59 | 0 | 01:00:00 |
From May 2019 to May 2024
By Cara Lombardo and Miriam Gottfried
Kansas City Southern has rejected a roughly $20 billion takeover offer from a group of investors, arguing that the bid undervalues the railroad operator, according to people familiar with the matter.
Global Infrastructure Partners and the infrastructure arm of private-equity giant Blackstone Group Inc. had offered Kansas City Southern $208 a share, some of the people said. Kansas City rejected that offer after earlier brushing back a bid that was below $200 a share, the people said. The two sides aren't in discussions.
The most recent offer, which The Wall Street Journal first reported last week without quantifying it, represented a roughly 35% premium to Kansas City Southern's share price before the Journal reported that the firms were contemplating a bid in late July, when the stock was already rising on speculation of a potential takeover.
Write to Cara Lombardo at cara.lombardo@wsj.com and Miriam Gottfried at Miriam.Gottfried@wsj.com
(END) Dow Jones Newswires
September 09, 2020 16:20 ET (20:20 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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