It may or may not be third time lucky for Canadian Pacific Railway (CP), but surely it feels awesome to have your name on the shareholder register of takeover target, or rather merger partner, Kansas City Southern (KC).

Running the rule over the deal, which already received the unanimous support of both boards of directors, I argued almost a month ago that those invested in KC and CP didn’t have reasons “to worry too much”.

(*24 March; KSU traded at $254, now ...

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