Latest Kansas City Southern News

CN tries to address concerns about its $33.6B railroad deal

May. 26, 2021 15:59 PM EDT

OMAHA, Neb. (AP) — Canadian National railroad plans to address competitive concerns related to its $33.6 billion acquisition of Kansas City Southern by selling off a short section of rail line. Canadian National CEO JJ Ruest said he believes selling 70 of the 27,000...

KC Southern takes buyout from Canadian National Railway

May. 21, 2021 14:19 PM EDT

NEW YORK (AP) — Kansas City Southern has abandoned its agreement to be acquired by Canadian Pacific, choosing instead a competing bid from Canadian National Railway with a bigger price tag, but also greater regulatory risks. The decision Friday comes one day after...

Kansas City Southern abandons buyout agreement with Canadian Pacific, takes richer bid from Canadian National Railway

May. 21, 2021 11:10 AM EDT
NEW YORK (AP) — Kansas City Southern abandons buyout agreement with Canadian Pacific, takes richer bid from Canadian National Railway.

CP urges Kansas City Southern to reject competing $33.6B bid

May. 20, 2021 12:45 PM EDT

OMAHA, Neb. (AP) — Canadian Pacific is urging Kansas City Southern to reject Canadian National's rival $33.6 billion takeover bid, but it still refuses to increase its own $25 billion bid. Canadian Pacific maintained Thursday that Canadian National's bid won't be...

Canadian National says still committed to buying US railroad

May. 19, 2021 15:16 PM EDT

OMAHA, Neb. (AP) — Canadian National railroad is indicating it remains committed to its $33.6 billion acquisition of Kansas City Southern, despite reservations from one major shareholder and a regulatory setback. CN CEO JJ Ruest on Wednesday underscored what he sees as...

Investor urges Canadian National to drop bid for US railroad

May. 18, 2021 18:34 PM EDT

OMAHA, Neb. (AP) — A major Canadian National shareholder is urging the railroad to abandon its $33.6 billion bid to buy Kansas City Southern after regulators dealt the deal a procedural setback this week. London-based investment firm TCI Fund, which owns nearly 3% of...

Canadian National's $33.6B bid to buy US railroad hits snag

May. 17, 2021 20:06 PM EDT

OMAHA, Neb. (AP) — Regulators on Monday dealt a procedural blow to Canadian National's $33.6 billion plan to acquire Kansas City Southern railroad. The U.S. Surface Transportation Board rejected Canadian National's plan to set up a voting trust that would acquire Kansas...

DoorDash, Dillard's rise; Disney, Poly fall

May. 14, 2021 16:56 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Walt Disney Co., down $4.64 to $173.70. The entertainment giant reported lower revenue on weakness in its theme park business, and subscriber additions at its video...

Canadian National ups offer to seal deal for US railroad

May. 13, 2021 20:54 PM EDT

OMAHA, Neb. (AP) — Canadian National sweetened its offer to buy Kansas City Southern railroad Thursday and derailed rival Canadian Pacific's bid for the railroad that handles traffic in the United States and Mexico. Kansas City Southern said Thursday that it determined...

Canadian Pacific gets procedural OK in bid for US railroad

May. 06, 2021 20:02 PM EDT

OMAHA, Neb. (AP) — Regulators on Thursday approved Canadian Pacific's plan for acquiring Kansas City Southern if that railroad picks CP's $25 billion bid over rival Canadian National's $33.7 billion offer. The federal Surface Transportation Board said it would accept...