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    CNR   CA1363751027

CANADIAN NATIONAL RAILWAY COMPANY

(CNR)
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Canadian National Plans To Make $30 Billion Topping Bid for Kansas City Southern

04/20/2021 | 05:00am EDT

By Cara Lombardo

Canadian National Railway Co. is planning to make a roughly $30 billion topping bid for Kansas City Southern, according to people familiar with the matter, likely kicking off a bidding war for a railroad operator that has already agreed to a sale to another Canadian rival.

Canadian National plans to offer $325 for each Kansas City Southern share Tuesday, including $200 a share in cash and 1.059 Canadian National shares, the people said. The offer represents about a 20% premium to Canadian Pacific Railway Ltd.'s agreement to pay $275 a share including $90 in cash, a roughly $25 billion deal reached last month.

Write to Cara Lombardo at cara.lombardo@wsj.com

(END) Dow Jones Newswires

04-20-21 0700ET

Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN NATIONAL RAILWAY COMPANY 1.79% 136.42 Delayed Quote.-2.52%
CANADIAN PACIFIC RAILWAY LIMITED 2.39% 483.02 Delayed Quote.9.40%
KANSAS CITY SOUTHERN 3.01% 305.22 Delayed Quote.45.16%
All news about CANADIAN NATIONAL RAILWAY COMPANY
05/07CN Issues Statement on the STB's Decision Regarding CP's Voting Trust; Confid..
AQ
05/07UPDATE ON STOCKS TO WATCH : CN Rail and CP Rail
MT
05/07CN RAIL BRIEF : Says Support for KCS Proposal "Expands"; Also Says Purchasing 1,..
MT
05/07Support for CN Proposal Expands
GL
05/07CANADIAN NATIONAL RAILWAY  : CN Drives North American Economic Growth, Purchasin..
AQ
05/07CANADIAN NATIONAL RAILWAY  : Regulatory Framework and M&A Timeline
PU
05/07CANADIAN NATIONAL RAILWAY  : Enhanced Combined Network for Our Customers
PU
05/07MT NEWSWIRES STOCKS TO WATCH : CN Rail and CP Rail
MT
05/06CANADIAN NATIONAL RAILWAY  : STB approves voting trust for Canadian Pacific's pr..
RE
05/06CN Issues Statement on the STB's Decision Regarding CP's Voting Trust
GL
More news
Financials
Sales 2021 14 933 M 12 295 M 12 295 M
Net income 2021 4 312 M 3 550 M 3 550 M
Net Debt 2021 11 487 M 9 458 M 9 458 M
P/E ratio 2021 22,5x
Yield 2021 1,81%
Capitalization 96 585 M 79 537 M 79 519 M
EV / Sales 2021 7,24x
EV / Sales 2022 6,68x
Nbr of Employees 24 577
Free-Float 99,0%
Chart CANADIAN NATIONAL RAILWAY COMPANY
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Canadian National Railway Company Technical Analysis Chart | MarketScreener
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Technical analysis trends CANADIAN NATIONAL RAILWAY COMPANY
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 145,47 CAD
Last Close Price 136,42 CAD
Spread / Highest target 21,0%
Spread / Average Target 6,63%
Spread / Lowest Target -14,2%
EPS Revisions
Managers and Directors
NameTitle
Jean-Jacques Ruest President, Chief Executive Officer & Director
Ghislain Houle Chief Financial Officer & Executive Vice President
Robert L. Pace Chairman
Dominique Malenfant Chief Information & Technology Officer, EVP
Nayan Bharadwa Vice President-Automated Rail & Technology
Sector and Competitors
1st jan.Capitalization (M$)
CANADIAN NATIONAL RAILWAY COMPANY-2.52%79 537
UNION PACIFIC CORPORATION9.12%152 444
NORFOLK SOUTHERN CORPORATION21.97%71 812
CANADIAN PACIFIC RAILWAY LIMITED9.40%53 029
KANSAS CITY SOUTHERN45.16%27 755
XPO LOGISTICS, INC.23.32%16 421