'Challenging' Q3 for DFDS – and weaker demand expected to continue
Danish ferry and road freight operator DFDS saw weaker road freight demand across Europe in ...
CAT: RISING TRADEEXPD: TRUMP TRADE LOSER LINE: PUNISHEDMAERSK: RELIEF XPO: TRUMP TRADE WINNERCHRW: NO JOYUPS: STEADY YIELDXPO: BUILDING BLOCKSHLAG: BIG ORDERLINE: REACTIONLINE: EXPENSES AND OPERATING LEVERAGELINE: PIPELINE OF DEALS LINE: DEMAND PATTERNS LINE: LANDSCAPELINE: CONF CALL STARTSDSV: UNTOUCHABLEEXPD: NOT AS BULLISH AS PREVIOUSLYFWRD: SPECULATIVE RALLY
CAT: RISING TRADEEXPD: TRUMP TRADE LOSER LINE: PUNISHEDMAERSK: RELIEF XPO: TRUMP TRADE WINNERCHRW: NO JOYUPS: STEADY YIELDXPO: BUILDING BLOCKSHLAG: BIG ORDERLINE: REACTIONLINE: EXPENSES AND OPERATING LEVERAGELINE: PIPELINE OF DEALS LINE: DEMAND PATTERNS LINE: LANDSCAPELINE: CONF CALL STARTSDSV: UNTOUCHABLEEXPD: NOT AS BULLISH AS PREVIOUSLYFWRD: SPECULATIVE RALLY
REUTERS reports:
Canadian National (CNR.TO) said on Tuesday it had offered to buy railroad operator Kansas City Southern (KSU.N) for about $30 billion, trumping a rival bid by Canadian Pacific (CP.TO) and sending the U.S. company’s shares up more than 20%.
Either combination will create the largest North American railways, spanning across the United States, Mexico and Canada, by transaction value.
The offers come amid a recovery in supply chains that were disrupted by the COVID-19 pandemic, and follow the ratification of the US-Mexico-Canada Agreement last year that removed the threat of trade tensions which had escalated under former U.S. President Donald Trump.
Canadian National’s offer of $325 per share, including $200 in cash and 1.059 shares, represents a premium of 26.8% to Kansas City Southern’s last close on Monday.
To read the full post, please click here.
Comment on this article