Kansas City Southern is firing back at Canadian Pacific’s recent efforts to thwart a merger between KCS and CP’s rival, CN.
KCS (NYSE: KSU) shareholders are holding a special meeting on Aug. 19 to vote on the CN (NYSE: CNI) merger agreement with KCS. Rivals CP and CN are both seeking to acquire KCS. CP and KCS announced in March their plans to merge, but then CN put forth a competing bid and KCS opted in May to go with CN’s bid instead.
CP (NYSE: CP) last Friday urged KCS shareholders to vote...
https://www.freightwaves.com/news/kcs-shoots-back-at-canadian-pacific-attempts-to-derail-cn-merger