Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Canadian National Railway Company
  6. News
  7. Summary
    CNR   CA1363751027

CANADIAN NATIONAL RAILWAY COMPANY

(CNR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Canadian National Expected to Sweeten Kansas City Southern Bid

05/13/2021 | 02:50pm EDT

By Dana Cimilluca and Cara Lombardo

Canadian National Railway Co. is expected to sweeten its takeover bid for Kansas City Southern, according to people familiar with the matter, as it seeks to outflank a rival and clinch a $30 billion deal for the railway operator.

The new proposal could include an agreement to cover the $700 million breakup fee Kansas City Southern would owe Canadian Pacific Railway Ltd. should it walk away from their existing merger agreement in favor of a deal with Canadian National, the people said. It couldn't be learned what else a new proposal might contain, including any adjustment to the consideration.

The move could pave the way for Kansas City Southern to switch its allegiance to Canadian National, something it has indicated it might do. Kansas City Southern's board is expected to convene soon and could make a decision on the matter then, some of the people said.

Kansas City Southern had asked Canadian National, which put in a bid seeking to wrest the railroad operator from Canadian Pacific last month, to make adjustments to its proposal, the people said.

There's no guarantee Canadian National will submit a revised bid or that Kansas City Southern would deem it superior. Should Canadian National win Kansas City Southern's endorsement, Canadian Pacific would have a five-day period to sweeten its offer or walk away with the breakup fee.

The agreement with Canadian Pacific includes a $1 billion reverse breakup fee, which Canadian Pacific would owe Kansas City Southern if their deal is terminated for reasons including delays tied to regulatory reviews. Canadian National had proposed the same terms and Kansas City Southern has asked for more, but Canadian National is leaning toward holding firm on that aspect of its bid, some of the people said.

(More to come)

Ted Mann contributed to this article.

Write to Dana Cimilluca at dana.cimilluca@wsj.com and Cara Lombardo at cara.lombardo@wsj.com

(END) Dow Jones Newswires

05-13-21 1449ET

Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN NATIONAL RAILWAY COMPANY 1.37% 135.56 Delayed Quote.-4.44%
CANADIAN PACIFIC RAILWAY LIMITED 1.21% 92.64 Delayed Quote.3.65%
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.13%
KANSAS CITY SOUTHERN 1.43% 267.8 Delayed Quote.27.88%
All news about CANADIAN NATIONAL RAILWAY COMPANY
04:29pCANADIAN NATIONAL RAILWAY : A More Sustainable Way to Ship In to and Out of Atla..
PU
01:15pCP urges Kansas City Southern shareholders to oppose CN takeover next month
AQ
07/29CANADIAN NATIONAL RAILWAY : Pacific asks Kansas City shareholders to reject Nati..
RE
07/29CP RAIL BRIEF : CP Asking That CN's Proposed Acquisition "Be Decided At a Later ..
MT
07/29CP RAIL BRIEF : Files Proxy Statement Asking KCS Shareholders to Vote Against th..
MT
07/29CN RAIL BRIEF : Says To Engage With Communities for Development of its Interim E..
MT
07/29CANADIAN NATIONAL RAILWAY : CN to Engage with Communities for the Development of..
AQ
07/28CP Rail says ruling on CN-KCS merger expected soon; CP not giving up on its o..
AQ
07/28Canadian Pacific Railway Second-Quarter Profit Rises 96% on Record Revenue
MT
07/28CP RAIL BRIEF : Says Remains Confident In Its Full Year Guidance of Double Digit..
MT
More news
Financials
Sales 2021 14 809 M 11 866 M 11 866 M
Net income 2021 4 235 M 3 393 M 3 393 M
Net Debt 2021 12 350 M 9 896 M 9 896 M
P/E ratio 2021 22,4x
Yield 2021 1,83%
Capitalization 95 963 M 76 952 M 76 895 M
EV / Sales 2021 7,31x
EV / Sales 2022 6,72x
Nbr of Employees 24 376
Free-Float 99,4%
Chart CANADIAN NATIONAL RAILWAY COMPANY
Duration : Period :
Canadian National Railway Company Technical Analysis Chart | CNR | CA1363751027 | MarketScreener
Technical analysis trends CANADIAN NATIONAL RAILWAY COMPANY
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 133,73 CAD
Average target price 144,62 CAD
Spread / Average Target 8,14%
EPS Revisions
Managers and Directors
Jean-Jacques Ruest President, Chief Executive Officer & Director
Ghislain Houle Chief Financial Officer & Executive Vice President
Robert L. Pace Chairman
Dominique Malenfant Chief Information & Technology Officer, EVP
Nayan Bharadwa Vice President-Automated Rail & Technology
Sector and Competitors