CANADIAN PACIFIC IS TO BUY KCS FOR $25 BILLION!!!

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

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.

Oh boy here we go again!

Also they haven't purchased KCS, just offered to purchase. The KCS board still needs to approve it, followed by a review of the merger by the Surface Transportation Board.

People are acting like this is a done deal when it is very, very, very far from it.

Admin note

Locked

We have a global thread up and running.