Post by
Justhalffull on Jul 08, 2021 9:30am
Biden Executive Order
Biden's executive order concerning railway consolidations will surely cause a drop in SP of CN and KSU today.
He is also trying to limit pricing power of the railways. Premarket KSU down $21.25 or 7.45%. If the deal is nixed, it will cost CN big dollars in break fees.
Comment by
autofocus111 on Jul 08, 2021 2:29pm
Well it's one way to stop mergers that's fer sure. One the plus side, this ensures that if CNR can't get KSU, then CP ain't getting it either. That was a key objective for CNR.