The battle to acquire Kansas City Southern (KSU) has taken yet another twist, as KSU’s board has unanimously rejected Canadian Pacific Railway’s (CP) recently increased offer. The board has also announced that it may postpone its August 19 shareholder vote to make a decision on Canadian National Railway’s (CNR) superior offer. CP had originally signed a deal in March to acquire KSU for $275 per share. However, that offer was topped by CNR, who also secured board support from KSU in May. CNR’s offer came in at $325 per share. CP then raised its bid for KSU on August 10, while shareholders were in the midst of considering CNR’s offer.
https://www.tipranks.com/news/article/cp-cnr-continue-battle-over-ksu-tracks?utm_source=advfn.com&utm_medium=referral
Canadian Pacific Railway (NYSE:CP)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Canadian Pacific Railway Charts.
Canadian Pacific Railway (NYSE:CP)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Canadian Pacific Railway Charts.