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    CNR   CA1363751027

CANADIAN NATIONAL RAILWAY COMPANY

(CNR)
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Canadian National Railway : shareholder to nominate five directors to company's board

09/07/2021 | 03:43pm EST
FILE PHOTO: A Canadian National Railway train travels eastward on a track in Montreal

(Reuters) - Billionaire Chris Hohn's TCI Fund Management said on Tuesday it intends to nominate directors to replace about half of Canadian National's board, after its costly attempts to buy Kansas City Southern were dealt a blow by the U.S. regulator.

TCI, which owns over 5% of Canadian National, said it hired Kingsdale Advisors, a firm which had represented Bill Ackman in his efforts to bring about changes at Canadian Pacific Railway.

"We believe CN's best days are ahead of it", provided the company pulls out of its $29 billion bid to buy Kansas City Southern, TCI's Hohn said.

The fund expects to nominate at least five new directors, he added.

Canadian National, which has 11 directors on its board, said it would make carefully considered decisions in the interest of its shareholders and in line with the company's strategic priorities.

The fund reiterated its call for CN's top boss Jean-Jacques Ruest to be replaced by former Union Pacific Chief Operating Officer Jim Vena.

TCI, the company's second largest shareholder, as per Refinitiv data has held a stake in since 2018.

(Reporting by Nathan Gomes in Bengaluru; Editing by Shailesh Kuber)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN NATIONAL RAILWAY COMPANY -0.53% 164.34 Delayed Quote.15.69%
CANADIAN PACIFIC RAILWAY LIMITED -1.05% 88.41 Delayed Quote.0.12%
All news about CANADIAN NATIONAL RAILWAY COMPANY
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Analyst Recommendations on CANADIAN NATIONAL RAILWAY COMPANY
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Financials
Sales 2021 14 489 M 11 284 M 11 284 M
Net income 2021 4 808 M 3 744 M 3 744 M
Net Debt 2021 11 604 M 9 037 M 9 037 M
P/E ratio 2021 24,2x
Yield 2021 1,50%
Capitalization 116 B 90 662 M 90 394 M
EV / Sales 2021 8,81x
EV / Sales 2022 8,44x
Nbr of Employees 23 765
Free-Float 99,4%
Chart CANADIAN NATIONAL RAILWAY COMPANY
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Canadian National Railway Company Technical Analysis Chart | CNR | CA1363751027 | MarketScreener
Technical analysis trends CANADIAN NATIONAL RAILWAY COMPANY
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 30
Last Close Price 164,34 CAD
Average target price 163,79 CAD
Spread / Average Target -0,33%
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 EVP, Chief Information & Technology Officer
Nayan Bharadwa Vice President-Automated Rail & Technology
Sector and Competitors