Wall Street Journal: KCS expected to terminate CP deal

(Source: Wall Street Journal, May 20, 2021)

NEW YORK — Kansas City Southern is expected to ditch its merger agreement with Canadian Pacific Railway Ltd. in favor of a competing proposal from Canadian National Railway Co., according to people familiar with the matter, a dramatic turn with big implications for the shape of the U.S. rail industry. There is no guarantee Kansas City Southern will terminate the Canadian Pacific deal, as it could still change course and stick with it.

Full story: Wall Street Journal

Friday, May 21, 2021