Latest Keith Creel 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...

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...

Kansas City Southern in talks on dueling rail takeover bids

Apr. 26, 2021 18:59 PM EDT

OMAHA, Neb. (AP) — As deal talks begin, Canadian National railroad said Monday it is receiving broad support for its $33.7 billion bid to buy Kansas City Southern. Canadian National said that more than 400 shippers and other stakeholders have submitted letters...

Canadian National defends its $33.7B bid for US railroad

Apr. 22, 2021 15:56 PM EDT

OMAHA, Neb. (AP) — Canadian National is defending its $33.7 billion bid to buy Kansas City Southern railroad against attacks from rival bidder Canadian Pacific. A day after CP's CEO Keith Creel dismissed Canadian National's proposal as “fool's gold” because he...

Canadian Pacific attacks rival bid for Kansas City Southern

Apr. 21, 2021 18:39 PM EDT

OMAHA, Neb. (AP) — Canadian Pacific railroad continued its assault on rival Canadian National's competing $33.7 billion bid to buy Kansas City Southern railroad Wednesday in a formal letter to regulators. Canadian Pacific urged the Surface Transportation Board to...

Big railroad deal seen more likely to gain regulators' OK

Mar. 22, 2021 20:25 PM EDT

OMAHA, Neb. (AP) — Wary regulators have not approved a major railroad merger since the 1990s, but industry analysts say Canadian Pacific's proposed $25 billion acquisition of Kansas City Southern has a good chance of getting the green light because there is little overlap between the two...

Merger will move railway's US headquarters from Minneapolis

Mar. 22, 2021 09:09 AM EDT

MINNEAPOLIS (AP) — Canadian Pacific Railway's acquisition of Kansas City Southern means Minneapolis will no longer be the company's U.S. headquarters, but what impact that will have on its employees in the Twin Cities is still unknown. The $25 billion deal in cash and...