FT: Activist calls for Canadian National CEO to resign after rail deal hits hurdle

RED LIGHT

By LoadstarEditorial

31/08/2021

THE FINANCIAL TIMES reports:

UK hedge fund manager Chris Hohn has demanded that Canadian National abandon its $34bn pursuit of Kansas City Southern, after the US railroad regulator rejected the way the transaction was structured as it held the potential to harm the public interest.

In a letter to the board of CN seen by the Financial Times, the head of TCI, one of the largest shareholders in the Montreal-based company with a 5 per cent stake worth about $4bn, also called ...

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Canadian National Canadian Pacific Financial Times Kansas City Southern Takeover Talk

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