M&A radar: Let the good logistics times roll – CAI $2.9bn takeover
It gets better with each passing day.
SEEKING AlLPHA reports:
– Canadian Pacific (NYSE:CP) CEO Keith Creel said he considers Canadian National Railway’s (NYSE:CNI) rival $325/share bid for Kansas City Southern (NYSE:KSU) as not a real offer.
– It’s not a real deal as far as I’m concerned,” Creel said on the company’s earning conference call last night. “It’s kind of fantasy land.”
– Creel was responding to a question if he would be willing to raise Canadian Pacific’s bid to be closer to Canadian National’s offer.
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