The sell-out of this iconic local company is now facing major challenges and it's not quite a sure thing according to people who follow regulators.
Money line . . .
According to Seeking Alpha: "If the deal is rejected by the regulator, Kansas City Southern shares may initially trade to about $249/share, representing about 7% downside from the current share price, according to the survey. Answers ranged from a low of $210 to a high of $270."
Read more via www.TonysKansasCity.com links . . .
Canadian Pacific Railway Ltd. is urging Kansas City Southern shareholders to vote against the proposed merger with Canadian National Railway Co. because of the regulatory uncertainty of its rival's $33.6-billion US bid. The Calgary-based railway made the request in a regulatory filing ahead of the U.S. railway's special meeting on Aug.
Canadian National Railway more than $30B planned purchase of Kansas City Southern (KSU) is more likely to be rejected by the U.S regulator, survey says.
Developing . . .