Canadian pacific submits superior proposal to combine with kansas city southern

Stock and cash transaction representing an enterprise value of approximately $31 billion the achievable, pro-competitive cp-kcs alternative brings compelling short- and long-term value, more regulatory certainty calgary, ab, aug. 10, 2021 /prnewswire/ - canadian pacific railway limited (tsx: cp) (nyse: cp) ("cp") today announced it has submitted a superior proposal to acquire kansas city southern ("kcs") in a stock and cash transaction representing an enterprise value of approximately usd$31 billion 1, offering kcs stockholders an alternative recognizing the premium value of kcs while providing more regulatory certainty. the proposed transaction, which has the unanimous support of the cp board of directors, values kcs at $300 per share, representing a 34% premium2, based on the cp closing price on august 9, 2021 and kcs unaffected closing price on march 19, 2021.
CP Ratings Summary
CP Quant Ranking