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Canadian National Railway Co T.CNR

Alternate Symbol(s):  CNI

Canadian National Railway Company is a transportation and logistics company. The Company's services include rail, intermodal, trucking, and supply chain services. The Company’s rail services offer equipment, customs brokerage services, transloading and distribution, private car storage and others. Its intermodal container services help shippers expand their door-to-door market reach with about 23 strategically placed intermodal terminals. Its intermodal services include temperature-controlled cargo, port partnerships, logistics park, moving grain in containers, custom brokerage, transloading and distribution, and others. Its trucking services include door-to-door service, import and export dray, interline services, and specialized services. Its supply chain services offer comprehensive services across a range of industries and product types. It transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year.


TSX:CNR - Post by User

Comment by Justhalffullon May 24, 2021 4:50pm
152 Views
Post# 33257658

RE:Is this a good entry point

RE:Is this a good entry pointGuess the big risk for CN is if the US nixes the deal.  That would mean losing another $1 billion in breakup fees on top of the $700 million they have already agreed to pay to CP due to that failed bid, but also the cost of disposing of the shares held in the trust account that they had to pay the takeout price for.  Who knows what they would get for them, but there will be 90 million or so of them in the trust to get rid of at distressed prices.  Considering that KSU shares were trading at about $255 before the CP offer, and CN paid $325 in cash and shares to purchase.  That would equate to an additional hit of at a minimum of$6.3 billion, and likely more as the KSU shares would not fetch $255 with that many up for sale.
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