Virtual Private Server (VPS) Hosting provided by Central Point Networking cpnllc.com
For some reason, the "Nodelist" and "Recent Callers" features are not working.
Sysop: | Ray Quinn |
---|---|
Location: | Visalia, CA |
Users: | 56 |
Nodes: | 10 (0 / 10) |
Uptime: | 63:08:33 |
Calls: | 9 |
Files: | 12,257 |
Messages: | 151,051 |
Check out the US 99 menu above for links to information about US Highway 99, after which the US 99 BBS is named.
Be sure to click on the Amateur Radio menu item above for packet BBSes, packet software, packet organizations, as well as packet how-to's. Also included is links to local and some not-so-local Amateur Radio Clubs.
https://www.cnbc.com/2021/03/21/canadian-pacific-railway-to-buy-kansas- city-southern-for-25-billion-.html
Canadian Pacific Railway on Sunday said it has agreed to buy Kansas City Southern for $25 billion in a cash-and-shares deal to create the first
rail network connecting the United States, Mexico, and Canada, betting on
a pick-up in North American trade.
Shareholders of Kansas City Southern will receive 0.489 of a Canadian
Pacific share and $90 in cash for each KCS common share held, the
companies said in a joint statement. The deal, which has an enterprise
value of $29 billion including debt, values Kansas City Southern at $275
per share, representing a 23% premium to FridayrCOs closing price of
$224.16.
The transaction is the biggest M&A launched in 2021.
rCLThe new competition we will inject into the North American transportation market cannot happen soon enough, as the new USMCA Trade Agreement among these three countries makes the efficient integration of the continentrCOs supply chains more important than ever before,rCY Canadian Pacific Chief Executive Keith Creel said in the statement. rCLThis will create the first U.S.-Mexico-Canada railroad.rCY
The new and modernized U.S.-Mexico-Canada trade pact took effect in July
last year, replacing the earlier deal that lasted 26 years, and is
expected to further foster manufacturing and agriculture trade activities among the three countries.
Kansas City SouthernrCOs board has approved the bid and the two companies have notified the U.S. Surface Transportation Board to seek the agencyrCOs required approval. Canadian railroad operatorsrCO attempts to buy U.S. rail companies have met limited success because of antitrust concerns.
Creel will continue to serve as CEO of the combined company, which will be headquartered in Calgary, the statement said.
The deal comes amid expectations of a pick-up in U.S.-Mexico trade after
Joe Biden replaced Donald Trump as U.S. president.
The companies also highlighted the environmental benefits of the deal,
saying the new single-line routes that would be created by the combination are expected to shift trucks off crowded U.S. highways, and cut emissions.
Rail is four times more fuel efficient than trucking, and one train can
keep more than 300 trucks off public roads and produce 75% less greenhouse gas emissions, the companies said in a joint statement.
Shareholders in Kansas City Southern are expected to own 25% of Canadian PacificrCOs outstanding common shares after the deal, the companies said.
Canadian Pacific said it will issue 44.5 million new shares and raise
about $8.6 billion in debt to fund the transaction.
The Financial Times first reported on the deal.
Calgary-based Canadian Pacific is CanadarCOs No. 2 railroad operator, behind Canadian National Railway Co Ltd, with a market value of $50.6 billion.
It owns and operates a transcontinental freight railway in Canada and the United States. Grain haulage is the companyrCOs biggest revenue driver, accounting for about 58% of bulk revenue and about 24% of total freight revenue in 2020.
Kansas City Southern has domestic and international rail operations in
North America, focused on the north-south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico.
Canadian PacificrCOs latest attempt to expand its U.S. business comes after it dropped a hostile $28.4 billion bid for Norfolk Southern Corp in April 2016. Canadian PacificrCOs merger talks with CSX Corp, which owns a large network across the eastern United States, failed in 2014.
A bid by Canadian National Railway Co, the countryrCOs biggest railroad, to buy Warren Buffett-owned Burlington Northern Santa Fe was blocked by U.S. antitrust authorities in 1999-2000.
BMO Capital Markets and Goldman Sachs & Co. LLC are serving as financial advisors to Canadian Pacific, while BofA Securities and Morgan Stanley &
Co. LLC are serving as financial advisors to Kansas City Southern.
https://www.cnbc.com/2021/03/21/canadian-pacific-railway-to-buy-kansas- city-southern-for-25-billion-.html
Canadian Pacific Railway on Sunday said it has agreed to buy Kansas City Southern for $25 billion in a cash-and-shares deal to create the first
rail network connecting the United States, Mexico, and Canada, betting on
a pick-up in North American trade.
Shareholders of Kansas City Southern will receive 0.489 of a Canadian
Pacific share and $90 in cash for each KCS common share held, the
companies said in a joint statement. The deal, which has an enterprise
value of $29 billion including debt, values Kansas City Southern at $275
per share, representing a 23% premium to FridayrCOs closing price of
$224.16.
The transaction is the biggest M&A launched in 2021.
rCLThe new competition we will inject into the North American transportation market cannot happen soon enough, as the new USMCA Trade Agreement among these three countries makes the efficient integration of the continentrCOs supply chains more important than ever before,rCY Canadian Pacific Chief Executive Keith Creel said in the statement. rCLThis will create the first U.S.-Mexico-Canada railroad.rCY
The new and modernized U.S.-Mexico-Canada trade pact took effect in July
last year, replacing the earlier deal that lasted 26 years, and is
expected to further foster manufacturing and agriculture trade activities among the three countries.
Kansas City SouthernrCOs board has approved the bid and the two companies have notified the U.S. Surface Transportation Board to seek the agencyrCOs required approval. Canadian railroad operatorsrCO attempts to buy U.S. rail companies have met limited success because of antitrust concerns.
Creel will continue to serve as CEO of the combined company, which will be headquartered in Calgary, the statement said.
The deal comes amid expectations of a pick-up in U.S.-Mexico trade after
Joe Biden replaced Donald Trump as U.S. president.
The companies also highlighted the environmental benefits of the deal,
saying the new single-line routes that would be created by the combination are expected to shift trucks off crowded U.S. highways, and cut emissions.
Rail is four times more fuel efficient than trucking, and one train can
keep more than 300 trucks off public roads and produce 75% less greenhouse gas emissions, the companies said in a joint statement.
Shareholders in Kansas City Southern are expected to own 25% of Canadian PacificrCOs outstanding common shares after the deal, the companies said.
Canadian Pacific said it will issue 44.5 million new shares and raise
about $8.6 billion in debt to fund the transaction.
The Financial Times first reported on the deal.
Calgary-based Canadian Pacific is CanadarCOs No. 2 railroad operator, behind Canadian National Railway Co Ltd, with a market value of $50.6 billion.
It owns and operates a transcontinental freight railway in Canada and the United States. Grain haulage is the companyrCOs biggest revenue driver, accounting for about 58% of bulk revenue and about 24% of total freight revenue in 2020.
Kansas City Southern has domestic and international rail operations in
North America, focused on the north-south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico.
Canadian PacificrCOs latest attempt to expand its U.S. business comes after it dropped a hostile $28.4 billion bid for Norfolk Southern Corp in April 2016. Canadian PacificrCOs merger talks with CSX Corp, which owns a large network across the eastern United States, failed in 2014.
A bid by Canadian National Railway Co, the countryrCOs biggest railroad, to buy Warren Buffett-owned Burlington Northern Santa Fe was blocked by U.S. antitrust authorities in 1999-2000.
BMO Capital Markets and Goldman Sachs & Co. LLC are serving as financial advisors to Canadian Pacific, while BofA Securities and Morgan Stanley &
Co. LLC are serving as financial advisors to Kansas City Southern.
Canadian Pacific just did a 4:1 stock split. to go deep into (very
cheap) debt so that now I have to file a Canadian Income Tax in French?
Do I file in Canadian Dollars too? I like the idea that the combination >would progress toward efficiency but CP would close a key corridor, one
of two North/South routes serving the U.S. South negating carbon offsets
by burdening area highways with truck traffic to compensate the loss.
A better solution would be for Kansas City Southern capitalize by stock >split and re-issue while interest rates are low and buy overextended CN >instead.