Transport Topics (Aug. 16, 2021)

An episode of the Transport Topics podcast, hosted by Transport Topics, titled "Transport Topics (Aug. 16, 2021)" was published on August 16, 2021 and runs 3 minutes.

August 16, 2021 ·3m · Transport Topics

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Summary

Kansas City Southern Railroad has rejected the latest bid of $31 billion from Canadian Pacific in an attempt to keep its planned merger with Canadian National on track. Kansas City Southern said Aug. 12 that its board unanimously decided to continue backing CN’s higher offer of $33.6 billion. KCS shareholders are scheduled to vote Thursday on whether to accept CN’s offer, but the U.S. railroad said it may delay that vote if the U.S. Surface Transportation Board doesn’t issue its decision on a key part of CN’s acquisition plan before tomorrow. CN proposes to use a voting trust that would acquire KCS and hold the railroad during STB’s review of the overall deal. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episode Description

Kansas City Southern Railroad has rejected the latest bid of $31 billion from Canadian Pacific in an attempt to keep its planned merger with Canadian National on track. Kansas City Southern said Aug. 12 that its board unanimously decided to continue backing CN’s higher offer of $33.6 billion. KCS shareholders are scheduled to vote Thursday on whether to accept CN’s offer, but the U.S. railroad said it may delay that vote if the U.S. Surface Transportation Board doesn’t issue its decision on a key part of CN’s acquisition plan before tomorrow. CN proposes to use a voting trust that would acquire KCS and hold the railroad during STB’s review of the overall deal. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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