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CP and KCS settle on merger terms
| 题名： | CP and KCS settle on merger terms |
| 正文语种： | eng |
| 作者： | JEFF BERMAN |
| 摘要： | THE RESPECTIVE PURSUITS of Class I railroad carrier Kansas City Southern (KCS) by Calgary-based Canadian Pacific (CP) and its Canadian counterpart Canadian National (CN) have come to the end of the line. On Sept. 15, CP and KCS announced that they have reached an agreement in which CP will acquire KCS for $31 billion in a stock and cash transaction, including the assumption of $3.8 billion of outstanding KCS debt. This outcome, which was preceded by months of back-and-forth commentary and posturing between CN and CP regarding which carrier was better suited to acquire KCS, was made clearer by a Sept. 12 announcement by KCS that stated that the board of directors had indicated that the revised offer submitted by CP was a "company superior proposal." |
| 出版年： | 2021 |
| 期刊名称： | Logistics Management |
| 卷： | 60 |
| 期： | 10 |
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