{"id":78248,"date":"2021-04-20T13:07:21","date_gmt":"2021-04-20T17:07:21","guid":{"rendered":"http:\/\/mileniostadium.com\/?p=78248"},"modified":"2021-04-20T13:07:59","modified_gmt":"2021-04-20T17:07:59","slug":"cn-steps-up-with-33b-offer-for-kansas-city-southern-besting-cps-25b-bid","status":"publish","type":"post","link":"https:\/\/mileniostadium.com\/canada\/cn-steps-up-with-33b-offer-for-kansas-city-southern-besting-cps-25b-bid\/","title":{"rendered":"CN steps up with $33B offer for Kansas City Southern, besting CP’s $25B bid"},"content":{"rendered":"
\"CN
CN Rail is trying to buy Kansas City Southern railway, weeks after the latter signaled its intent to merge with CN’s rival CP. (Darryl Dyck\/The Canadian Press)<\/figcaption><\/figure>\n

Canadian National Railway Co. has offered to buy U.S. railway\u00a0Kansas City Southern in a cash-and-stock bid valued at $33.7 billion US.<\/strong><\/p>\n

Canadian Pacific Railway to buy Kansas City Southern for $25B US<\/a><\/p>\n

The offer of $325 a share plus agreeing to take over $3.8 billion worth of KCS’s debt tops\u00a0a proposal made by Canadian Pacific Railway for KCS last month, one that offered $275 a share for a total price tag of $25 billion.<\/p>\n

<\/section>\n

The move would bring ports and rail lines\u00a0in the United States, Mexico and Canada together under one network\u00a0to create the most far-reaching transportation networks in North America.<\/p>\n

“CN and KCS have highly complementary networks with limited overlap that will enable them to accelerate growth in single-owner, single-operator, end-to-end service across North America,” CN president J.J. Ruest said in a statement.<\/p>\n

“With safer service and better fuel efficiency on key routes from Mexico through the heartland of America, the result will be a safer, faster, cleaner and stronger railway.”<\/p>\n

CBC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Canadian National Railway Co. has offered to buy U.S. railway\u00a0Kansas City Southern in a cash-and-stock bid valued at $33.7 billion US<\/p>\n","protected":false},"author":32,"featured_media":78249,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3539],"tags":[5700,19457],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/mileniostadium.com\/wp-content\/uploads\/2021\/04\/CN-steps-up-with-33B-offer-for-Kansas-City-Southern-besting-CPs-25B-bid-Milenio-Stadium-Canada.jpg","_links":{"self":[{"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/posts\/78248"}],"collection":[{"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/comments?post=78248"}],"version-history":[{"count":0,"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/posts\/78248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/media\/78249"}],"wp:attachment":[{"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/media?parent=78248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/categories?post=78248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/tags?post=78248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}