Copyright
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
It didn’t take long for Kansas City Southern’s board to consider Canadian Pacific’s sweetened merger offer.
Just two days after CP presented the higher bid, KCS’ board determined it doesn’t constitute a “superior proposal” to CN’s competing bid and could not reasonably be expected to lead to a superior proposal. The board came to that conclusion following a “careful and thorough review” in consultation with outside financial and legal advisors, KCS officials said in a press release.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.