CP Rail (CP) shares have been very choppy these past few months, with the ongoing race against CN Rail (CNI) for the right to acquire U.S. railway Kansas City Southern (KSU), in a deal that looks to be worth at least $27 billion. Despite recent volatility, I remain mildly bullish on CP stock, as its prospects of acquiring KSU have now improved drastically. With the latest unanimous rejection of a potential CN-KSU deal by the STB (Surface Transportation Board), which essentially crushes the acquisition hopes of CN Rail, it seems like a deal is now CP's to win.
https://www.tipranks.com/news/article/cp-rail-stock-falls-off-time-to-buy?utm_source=advfn.com&utm_medium=referral
Canadian Pacific Railway (NYSE:CP)
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Canadian Pacific Railway (NYSE:CP)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Canadian Pacific Railway Charts.