Canadian Pacific and Kansas City Southern merger plan hits more opposition
The headwinds for the acquisition of Kansas City Southern (KCS) by Canadian Pacific Rail (CP) ...
Op-ed piece by a financial analyst suggesting that rail freight giant Canadian Pacific should consider buying its US counterpart Kansas City Southern. The key argument is that the respective networks of the two companies do not overlap, with CP’s routes covering Canada and the US Midwest, while KCS controls a sizeable chunk of the intermodal market in Mexico and the southern US. Additionally, since CP began a major corporate restructuring, its share price has leaped, meaning it has now has access to funds for acquisitions. The only drawback to a potential deal is that KCS is awaiting reconfirmation of its Mexican operating licence.
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