Conducting Negotiations in Modern Boardroom


– 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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The full Q1 ’21 transcript is here (ditto).

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