Prophetic:
For the past week, I had been overseas. Now yesterday, as the Limo - a Toyota Mini Van, was X-ing the Bensenville viaduct heading South and in the extreme right hand lane, I could not help but note a KCS SD-90 and a CP C-44 coupled to a train that I presume would be heading North.
Must say; if I'm doing the driving, there is no "rubbernecking", but this time, the privilege was mine!
All I could think was now isn't that a little "moot"?
Until after opening the Edge headline page, and reviewing Messrs. JayBee and Lurker's immediate reports; it's a new ballgame, volks.
https://www.msn.com/en-us/money/compani ... d=msedgntp
Fair Use:
Canadian Pacific (NYSE: CP) has submitted a new, sweetened bid for Kansas City Southern (NYSE: KSU) in a last-minute attempt to derail KCS's planned sale to Canadian National (NYSE: CNI).
The new CP bid, which values the target at about $31 billion, is still less than the $33 billion Canadian National deal price. But given the regulatory uncertainty surrounding the Canadian National/Kansas City Southern tie-up, price isn't everything. The Canadian Pacific offer is likely high enough to get the attention of some KCS investors, setting up a dramatic finish to this takeover saga.