Canadian Pacific's American Empire seems to expand yet again as they just purchased one of the oldest operating class Is!
https://www.bloomberg.com/news/articles ... billion-ft
https://www.bloomberg.com/news/articles ... billion-ft
Canadian Pacific Railway Ltd. has offered to buy Kansas City Southern for $25 billion, according to a person familiar with the transaction.
The Calgary-based company has offered $275 a share in a cash and stock deal, said the person, who asked not to be named because the information isn’t yet public. A transaction may be announced as soon as Sunday, the person said.
The price represents a 23% premium to Friday’s close of $224.16, when the stock climbed to a record.
No filing has been posted with the U.S. Surface Transportation Board as of Friday, according to the regulator’s website. Representatives from both companies didn’t immediately return phone calls and emails seeking comment.
"Look down, step over, and watch the gap!" - Dr. John Clarke, The Gap Rap (2010)