RE:Breakup fee
Justhalffull wrote: Not often mentioned is that CN will have to pay CP the $700 million breakup fee if they do not accept the CP offer.
In my understand technically KCS already has or will pay that fee to CP. CN is gonna pay the fee back to to KCS which will go on their balance sheet, which CN is purchasing, so in the shell game we are basically even. CN isn't paying CP anything, they are just giving goodwill back to KCS in exchange for killing CPs deal and moving forward with CN.
I understand your angle, but it is just a viewpoint. Also you pointing out a detail that is about 2% of the deal price or $7.70 per share of the $325 deal. It is an extreamly minor detail on the face of the deal...