CN Makes Superior Proposal to Combine With Kansas City Southern
CN today announced that it has made a superior proposal to combine with Kansas City Southern (“KCS”) in a cash-and-stock transaction valued at $33.7 billion, or $325 per share1 . Together, CN and KCS will create the premier railway for the 21st century, seamlessly connecting ports and rails in the United States, Mexico and Canada and providing superior service, enhanced competition and new market access to move goods across North America efficiently and safely. This rail and logistics network would reduce traffic congestion and prevent thousands of tons of greenhouse gas emissions from entering the atmosphere every day. This combination will also significantly expand the combined company’s total addressable market and provide growth opportunities across the rapidly growing USCMA network.