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Post by sjl on May 21, 2021 14:47:41 GMT -5
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Post by cwrr on May 21, 2021 15:24:24 GMT -5
Ouch, CP Rail just got shafted!  |
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Post by sjl on May 21, 2021 15:41:50 GMT -5
Ouch, CP Rail just got shafted! Don't feel too bad for them, CP got a $700 million breakup fee when KCS terminated the deal. If the CN deal is allowed to go through, which is a big if, I wouldn't be surprised if CP tried to take a run at either CSX or NS. |
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Post by Commodore on May 21, 2021 16:10:06 GMT -5
Ouch, CP Rail just got shafted! Don't feel too bad for them, CP got a $700 million breakup fee when KCS terminated the deal. If the CN deal is allowed to go through, which is a big if, I wouldn't be surprised if CP tried to take a run at either CSX or NS. Whoa! Canadian National Southern in competition with Canadian Pacific Southern…  |
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Post by kevinc on May 22, 2021 12:32:24 GMT -5
Ouch, CP Rail just got shafted! Don't feel too bad for them, CP got a $700 million breakup fee when KCS terminated the deal. If the CN deal is allowed to go through, which is a big if, I wouldn't be surprised if CP tried to take a run at either CSX or NS. They already tried a hostile takeover of NS. They also tried a "friendly" merge with CSX (talks broke down recently).
I don't think CN will be allowed to own both north/south lines. They may be forced to sell WC/IC if they are allowed to buy KS
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Post by cwrr on May 22, 2021 13:28:28 GMT -5
The plot thickens... |
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Post by markm on May 22, 2021 15:54:25 GMT -5
KCS was declared an underdog railroad and the government released it from certain antitrust restrictions, which is why it’s a desirable takeover target. However, CN duplicates a fair amount of KCS cities/routes, giving a foreign rail a possible monopoly between some cities. This could be very interesting.
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Post by Commodore on May 22, 2021 16:09:22 GMT -5
Still, CN just had to do it …because they’ld be really bad off if CP got the deal.
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