Faint hope for CP in battle for KCS railroad as DoJ objects to CN bid
Canadian Pacific’s pursuit of Kansas City Southern (KCS) railroad may be back on, after US ...
… enough to our estimates, folks, to uncork the champagne!
Well done, anyway, finding a buyer wasn’t easy.
First take: given the latest news (as expected) today – “Toll announces sale of Global Express business” – and related background it was always expected in the past 24 hours to be a sale worth somewhere less than A$10m – yes, millions.
For an asset generating about A$3bn of revenues. Yes, billions.
Toll Group wouldn’t comment on the size of the transaction, which includes some debt taken ...