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Deal or no deal? CP offers to buy NS
Creel called us Canadians Snow Niggers.
Take a hike, Creel!
One will get Wall Strt’s reaction tomorrow (what else matters?). Get ready for a whole lottahaha since sober analysis may be lacking. Sort of like the Iraq invasion rationale.
I don’t understand. NS and CP said yesterday that talks of a merger were nothing but rumors (according to a TRAINS News Wire article). Now today we see the exact opposite thing on the exact same site!
I’m not sure who to believe anymore, even if the information is detailed…
I’ve always wondered if anyone actually moderates these comments, now we know…
Let’s hope it’s no deal. It’s a waste of time.
Gus, any major transaction that a corporation seeks to undertake must be formally announced via a regulatory filing and appropriate press notification. Until such formal announcement takes place, any statement by any participant is just a “rumor”, however knowledgeable or “inside” the maker of that statement might be. So, no contradiction on Trains’ part; just accurate reporting of the transaction status as events transpire.
Who will CP try to buy if NS rejects them? KCS?
$95 a share and some of that in CP stock? No thanks! How about something like 10% over this year’s high (~$125), all cash? That might get stockholder’s attention.
No to the deal! What would happen if BNSF tried to buy CP? Would the Canadian government reject the deal? I don’t think this merger will be good for the industry.