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KANSAS CITY SOUTHERN

(KSU)
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Kansas City Southern Calls Revised CN Bid Superior to CP Agreement

05/13/2021 | 05:05pm EDT

By Josh Beckerman

Kansas City Southern said it received a sweetened acquisition proposal from Canadian National Railway Co. that it has deemed "superior" to its merger agreement with Canadian Pacific Railway Ltd.

The revised proposal calls for stockholders to receive $200 cash and 1.129 CN shares per KCS share.

KCS has notified CP that it intends to terminate the CP deal, "subject to CP's right to negotiate amendments to the merger agreement for at least five business days and the KCS board's further determination as to whether any such amendments would cause the CN proposal no longer to constitute a 'Company Superior Proposal.'"

KCS has a market capitalization of about $27.8 billion.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

05-13-21 1905ET

Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN NATIONAL RAILWAY COMPANY -0.30% 135.16 Delayed Quote.-3.13%
CANADIAN PACIFIC RAILWAY LIMITED 0.50% 93.1 Delayed Quote.4.91%
DJ INDUSTRIAL 0.80% 35116.4 Delayed Quote.14.14%
KANSAS CITY SOUTHERN 0.46% 266.82 Delayed Quote.30.11%
All news about KANSAS CITY SOUTHERN
08/02KANSAS CITY SOUTHERN : Jul 31 2021
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08/02KANSAS CITY SOUTHERN : Comments on Preliminary Proxy Statement Filed by CP
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07/30CP urges Kansas City Southern shareholders to oppose CN takeover next month
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07/29Canadian Pacific Asks Kansas City Shareholders to Reject Canadian National De..
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07/29CP RAIL BRIEF : CP Asking That CN's Proposed Acquisition "Be Decided At a Later ..
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07/29CP RAIL BRIEF : Files Proxy Statement Asking KCS Shareholders to Vote Against th..
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07/29Canadian Pacific Railway Solicits Proxies from Shareholders of Kansas City So..
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07/29CN RAIL BRIEF : Says To Engage With Communities for Development of its Interim E..
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07/28CP Rail says ruling on CN-KCS merger expected soon; CP not giving up on its o..
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More news
Financials (USD)
Sales 2021 3 049 M - -
Net income 2021 818 M - -
Net Debt 2021 3 346 M - -
P/E ratio 2021 30,2x
Yield 2021 0,80%
Capitalization 24 271 M 24 271 M -
EV / Sales 2021 9,06x
EV / Sales 2022 8,12x
Nbr of Employees 6 522
Free-Float 73,0%
Chart KANSAS CITY SOUTHERN
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Kansas City Southern Technical Analysis Chart | KSU | US4851703029 | MarketScreener
Technical analysis trends KANSAS CITY SOUTHERN
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 15
Last Close Price 266,82 $
Average target price 294,62 $
Spread / Average Target 10,4%
EPS Revisions
Managers and Directors
Patrick J. Ottensmeyer President, Chief Executive Officer & Director
Michael W. Upchurch Chief Financial Officer & Executive Vice President
Robert J. Druten Chairman
John F. Orr Executive Vice President-Operations
Warren K. Erdman Executive VP-Administration & Corporate Affairs
Sector and Competitors