Canadian National Railway Co T.CNR

Alternate Symbol(s): CNI

Industrials Railroads

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.

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Canadian National Railway Co > what is everyone's take on this CN proposal?

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Comment by tbnorthstaron Apr 20, 2021 10:09am

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Post# 33028400

RE:what is everyone's take on this CN proposal?

iownbmw545 wrote:

COMPANY NEWS

BRIEF-CN Makes Superior Proposal To Combine With Kansas City Southern

04/20/21 - 07:38 AM ET - Reuters

April 20 (Reuters) - Canadian National Railway Co:

* PRESS RELEASE - CN MAKES SUPERIOR PROPOSAL TO COMBINE WITH KANSAS CITY SOUTHERN

* CANADIAN NATIONAL RAILWAY CO - DEAL ANTICIPATED TO BE ACCRETIVE TO ADJUSTED DILUTED EPS IN FIRST FULL YEAR FOLLOWING CN ASSUMING CONTROL OF KCS

* CANADIAN NATIONAL RAILWAY CO - CN’S PROPOSAL OF $325 PER KCS SHARE VALUES KCS AT AN ENTERPRISE VALUE OF $33.7 BILLION

* CANADIAN NATIONAL RAILWAY CO - SEES EXPECTED EBITDA SYNERGIES APPROACHING $1 BILLION ANNUALLY FROM PROPOSED TRANSACTION

* CANADIAN NATIONAL RAILWAY - UNDER PROPOSAL, KCS SHAREHOLDERS WILL RECEIVE $200 IN CASH AND 1.059 SHARES OF CN COMMON STOCK FOR EACH KCS COMMON SHARE

* CANADIAN NATIONAL RAILWAY CO - KCS’ PREFERRED SHAREHOLDERS WILL CONTINUE TO RECEIVE $37.50 IN CASH FOR EACH PREFERRED SHARE.

* CANADIAN NATIONAL RAILWAY - CASH PORTION OF CONSIDERATION TO BE FUNDED THROUGH COMBINATION OF CASH-ON-HAND & ABOUT $19.3 BILLION OF NEW DEBT UNDER PROPOSAL

* CANADIAN NATIONAL RAILWAY - UPON CLOSING OF DEAL & INCLUDING ASSUMPTION OF ABOUT $3.8 BILLION OF KCS DEBT, CO EXPECTS OUTSTANDING DEBT OF ABOUT $33.6 BILLION

* CANADIAN NATIONAL RAILWAY CO - PROPOSAL IS NOT SUBJECT TO ANY FINANCING CONTINGENCIES

* CANADIAN NATIONAL RAILWAY CO - FINALIZED $19.3 BILLION OF FINANCING COMMITMENTS FROM J.P. MORGAN AND RBC CAPITAL MARKETS UNDER PROPOSAL

* CANADIAN NATIONAL RAILWAY CO - WILL NOT SEEK TO INCREASE SIZE OF TERMINATION FEE INCLUDED IN ANY DEFINITIVE DOCUMENTATION UNDER PROPOSAL

* CANADIAN NATIONAL RAILWAY CO - IF COMPANIES MERGE, KCS SHAREHOLDERS ARE EXPECTED TO RECEIVE EQUIVALENT OF $2.08 IN ANNUAL DIVIDENDS PER KCS SHARE

* CANADIAN NATIONAL RAILWAY CO - INTEND TO CONTINUE OPERATING KCS BUSINESS IN UNITED STATES AND MEXICO UNDER KANSAS CITY SOUTHERN NAME

* CANADIAN NATIONAL RAILWAY CO - CO TO ESTABLISH KANSAS CITY AS HEADQUARTERS OF COMBINED COMPANY’S U.S. OPERATIONS

* CANADIAN NATIONAL RAILWAY CO - CO WILL ALSO WELCOME FOUR KCS DIRECTORS TO CN BOARD OF DIRECTORS AT APPROPRIATE TIME Source text for Eikon: Further company coverage: