Articles tagged under: Canadian National Railway

CN Shareholder Wants to See Changes at the Top

Published September 8, 2021

One of the largest shareholders in the Canadian National Railway is calling for a special meeting to appoint new directors and replace the company’s CEO. TCI Fund Management is upset with the management of Canadian National and its handling of…

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CP Delivers More Options to ND

Published September 1, 2021

The North Dakota Grain Growers Association is pleased the Surface Transportation Board rejected the Canadian National’s proposal to take over the Kansas City Southern. NDGGA Executive Director Dan Wogsland says CN doesn’t have any assets in North Dakota and the…

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KCS Shareholder Vote Delayed

Published August 18, 2021

The Kansas City Southern Railway postponed Thursday’s shareholder vote on Canadian National’s $33.6 billion takeover bid. The Surface Transportation Board is expected to make its decision about CN’s proposed use of a voting trust as part of its acquisition by…

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CP Increases Its Offer for KCS

Published August 10, 2021

Canadian Pacific has upped its bid for the Kansas City Southern Railroad to $31 billion. This decision came less than two weeks before Kansas City Southern shareholders will vote on a proposed merger agreement with Canadian National. CP and CN…

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CN-KCS Track Overlap Solution Offered

Published May 27, 2021

To get its merger approved, the Canadian National Railway and Kansas City Southern are proposing to divest the track overlap between Baton Rouge and New Orleans. The two railroad companies have filed for the approval of a voting trust to…

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KCS Board Approves CN Merger

Published May 24, 2021

CN appears to be the big winner in the tug-of-war between Canadian National and Canadian Pacific railroads. Both companies have been trying to acquire Kansas City Southern Railway and become the first railroad to extend from Canada to Mexico. The…

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CP Reaches Out to KCS Railway

Published May 21, 2021

The Canadian Pacific Railway is asking the board of directors of Kansas City Southern to reject the recent offer by Canadian National. The Surface Transportation Board plans to use stricter rules regarding competition for the CN proposal compared to Canadian…

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Railroads in a Regulatory Battle Over Kansas City Southern

Published May 20, 2021

The Surface Transportation Board has rejected Canadian National's proposal to set up a voting trust that would acquire the Kansas City Southern and operate the railroad during the regulatory review. CN will now resubmit its merger agreement to the STB.…

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Rail Reversal

Published May 14, 2021

The Kansas City Southern Railway board of directors has ended its merger agreement with Canadian Pacific and accepted an acquisition offer by Canadian National. CP and Kansas City Southern made a deal in March for $29 billion. That was followed…

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NDGDA Supports CP-KCS Deal

Published April 23, 2021

The North Dakota Grain Dealers Association has filed a letter with the Surface Transportation Board, reiterating its support for the proposed Canadian Pacific acquisition of the Kansas City Southern Railway. This same letter voiced opposition to the bid made by…

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