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 . . .
CP Rail urges Kansas City Southern shareholders to oppose CN takeover next month | CBC News
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 acquisition of Kansas City Southern likely to be rejected, survey says
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 . . .
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