Author Topic: Canadian Pacific to Buy Kansas City Southern  (Read 3315 times)

0 Members and 1 Guest are viewing this topic.

Missaberoad

  • Crew
  • *
  • Posts: 2937
  • Gender: Male
  • Respect: +622
Re: Canadian Pacific to Buy Kansas City Southern
« Reply #60 on: May 19, 2021, 02:29:33 PM »
0
https://www.progressiverailroading.com/federal_legislation_regulation/news/STB-New-merger-rules-apply-to-CNKCS-proposal--63514

CN's path has gotten much harder, the STB denied their use of the KCS waiver and their use of a voting trust. They have a masive task of proving the benefit to their takeover under the new rules...
Ryan in Alberta

learmoia

  • Crew
  • *
  • Posts: 2998
  • Respect: +499
Re: Canadian Pacific to Buy Kansas City Southern
« Reply #61 on: May 19, 2021, 04:07:11 PM »
0
As I said in the CN+KCS thread..

Well, this is one way to prevent a merger between a partner and your competitor...

~Ian

I don't think CN has any intention to (actually) merge with KCS..

~Ian


 

“You tried your best and you failed miserably. The lesson is, never try.” ~Homer Simpson

Philip H

  • Crew
  • *
  • Posts: 8204
  • Gender: Male
  • Respect: +891
    • Layout Progress Blog
Re: Canadian Pacific to Buy Kansas City Southern
« Reply #62 on: May 19, 2021, 04:13:33 PM »
0

I don't think CN has any intention to (actually) merge with KCS..

~Ian

Honestly I'm beginning to think KCS may be trying to throw both of them off and stay independent . . . .
Philip H.
Chief Everything Officer
Baton Rouge Southern RR - Mount Rainier Division.

"Yes there are somethings that are "off;" but hey, so what." ~ Wyatt

"I'm trying to have less cranial rectal inversion with this." - Ed K.

"There's more to MRR life than the Wheezy & Nowheresville." C855B

davefoxx

  • Crew
  • *
  • Posts: 10296
  • Gender: Male
  • TRW Plaid Member
  • Respect: +3796
Re: Canadian Pacific to Buy Kansas City Southern
« Reply #63 on: May 19, 2021, 05:11:30 PM »
+1
Honestly I'm beginning to think KCS may be trying to throw both of them off and stay independent . . . .

I wouldn't have any problem with KCS avoiding becoming a fallen flag.

DFF

General Counsel to the Laurel Valley Ry.
Member: ACL/SAL Historical Society
Member: Wilmington & Western RR
A Proud HOer
BUY ALL THE TRAINS!

Missaberoad

  • Crew
  • *
  • Posts: 2937
  • Gender: Male
  • Respect: +622
Re: Canadian Pacific to Buy Kansas City Southern
« Reply #64 on: May 19, 2021, 07:16:33 PM »
0
Judging from their statements KCS is quite happy to be the Belle of the ball... Pardon the pun  :D

At the end of the day they want what will make their shareholders the most money... For better or worse...
Ryan in Alberta

Philip H

  • Crew
  • *
  • Posts: 8204
  • Gender: Male
  • Respect: +891
    • Layout Progress Blog
Re: Canadian Pacific to Buy Kansas City Southern
« Reply #65 on: May 20, 2021, 08:10:44 AM »
0
At the end of the day they want what will make their shareholders the most money... For better or worse...

Pretty sure the shareholders are happy:


Philip H.
Chief Everything Officer
Baton Rouge Southern RR - Mount Rainier Division.

"Yes there are somethings that are "off;" but hey, so what." ~ Wyatt

"I'm trying to have less cranial rectal inversion with this." - Ed K.

"There's more to MRR life than the Wheezy & Nowheresville." C855B

Lenny53

  • Crew
  • *
  • Posts: 1871
  • Respect: +758

learmoia

  • Crew
  • *
  • Posts: 2998
  • Respect: +499
Re: Canadian Pacific to Buy Kansas City Southern
« Reply #67 on: May 21, 2021, 08:50:40 PM »
0
Seems like a win win for KCS share holders.

CN may have overplayed thier hand a bit.

CP was smart not to counter..

~Ian
“You tried your best and you failed miserably. The lesson is, never try.” ~Homer Simpson

Philip H

  • Crew
  • *
  • Posts: 8204
  • Gender: Male
  • Respect: +891
    • Layout Progress Blog
Re: Canadian Pacific to Buy Kansas City Southern
« Reply #68 on: May 21, 2021, 09:23:08 PM »
+1
Seems like a win win for KCS share holders.

CN may have overplayed thier hand a bit.

CP was smart not to counter..

~Ian

Indeed.  Given the significant overlap of facilities and lines, and CN-KCS merger will likely require a LOT of sell off. And that assumes the STB approves, which I imagine they will have a hard time doing once the shippers and other RR's weigh in.  Frankly I think an independent KCS is the best way to keep the last round of super mergers from happening.
Philip H.
Chief Everything Officer
Baton Rouge Southern RR - Mount Rainier Division.

"Yes there are somethings that are "off;" but hey, so what." ~ Wyatt

"I'm trying to have less cranial rectal inversion with this." - Ed K.

"There's more to MRR life than the Wheezy & Nowheresville." C855B

learmoia

  • Crew
  • *
  • Posts: 2998
  • Respect: +499
Re: Canadian Pacific to Buy Kansas City Southern
« Reply #69 on: May 21, 2021, 09:49:27 PM »
0
Yeah..

CP gets 700M
KCS gets 1B
A: Trust fails.. CP buys or independent
B: STB fails.. same result
C: STB approves but CP can buy access to Mexico (or at least Texas).
« Last Edit: May 21, 2021, 11:27:43 PM by learmoia »
“You tried your best and you failed miserably. The lesson is, never try.” ~Homer Simpson

Missaberoad

  • Crew
  • *
  • Posts: 2937
  • Gender: Male
  • Respect: +622
Re: Canadian Pacific to Buy Kansas City Southern
« Reply #70 on: May 21, 2021, 09:57:00 PM »
0
Yeah..

CP gets 700M
KCS gets 1B
A: Trust fails.. CP buys or independent
B: STB fails.. same result
C: STB approves but CP can buy access to Mexico.

This... its looking like CN is on the losing end here...
Ryan in Alberta

basementcalling

  • Crew
  • *
  • Posts: 2934
  • Gender: Male
  • Respect: +357
Re: Canadian Pacific to Buy Kansas City Southern
« Reply #71 on: June 08, 2021, 08:58:19 PM »
0
Heard an anti CN/KCS merger commercial on the radio here today. Surprise was it was paid for by Canadian Pacific.
Peter Pfotenhauer