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    CNR   CA1363751027

CANADIAN NATIONAL RAILWAY COMPANY

(CNR)
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Delayed Toronto Stock Exchange  -  05/20 04:00:00 pm EDT
143.24 CAD   +0.80%
05/23CN Announces Appointment of New Board Chair and Election of Directors
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05/23CANADIAN NATIONAL RAILWAY : CN Announces Appointment of New Board Chair and Election of Directors - Form 6-K
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05/23CANADIAN NATIONAL RAILWAY : Report of Voting Results, May 20, 2022 - Form 6-K
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Canadian National Railway : shareholder to nominate five directors to company's board

09/07/2021 | 03:43pm EDT
FILE PHOTO: A Canadian National Railway train travels eastward on a track in Montreal

(Reuters) - Billionaire Chris Hohn's TCI Fund Management said on Tuesday it intends to nominate directors to replace about half of Canadian National's board, after its costly attempts to buy Kansas City Southern were dealt a blow by the U.S. regulator.

TCI, which owns over 5% of Canadian National, said it hired Kingsdale Advisors, a firm which had represented Bill Ackman in his efforts to bring about changes at Canadian Pacific Railway.

"We believe CN's best days are ahead of it", provided the company pulls out of its $29 billion bid to buy Kansas City Southern, TCI's Hohn said.

The fund expects to nominate at least five new directors, he added.

Canadian National, which has 11 directors on its board, said it would make carefully considered decisions in the interest of its shareholders and in line with the company's strategic priorities.

The fund reiterated its call for CN's top boss Jean-Jacques Ruest to be replaced by former Union Pacific Chief Operating Officer Jim Vena.

TCI, the company's second largest shareholder, as per Refinitiv data has held a stake in since 2018.

(Reporting by Nathan Gomes in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BELIEVE -3.38% 9.575 Real-time Quote.-43.34%
CANADIAN NATIONAL RAILWAY COMPANY 0.80% 143.24 Delayed Quote.-7.81%
CANADIAN PACIFIC RAILWAY LIMITED 0.41% 88.34 Delayed Quote.-2.90%
PERSHING SQUARE TONTINE HOLDINGS, LTD. 0.00% 19.83 Delayed Quote.0.56%
THE HOWARD HUGHES CORPORATION 0.37% 84.63 Delayed Quote.-16.85%
UNION PACIFIC CORPORATION 1.55% 216.89 Delayed Quote.-15.22%
All news about CANADIAN NATIONAL RAILWAY COMPANY
05/23CN Announces Appointment of New Board Chair and Election of Directors
AQ
05/23CANADIAN NATIONAL RAILWAY : CN Announces Appointment of New Board Chair and Election of Di..
PU
05/23CANADIAN NATIONAL RAILWAY : Report of Voting Results, May 20, 2022 - Form 6-K
PU
05/20Canadian National Railway Company Announces Board Appointments
CI
05/20CN Announces Appointment of New Board Chair and Election of Directors
AQ
05/20CN Announces Appointment of New Board Chair and Election of Directors
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05/20RBC Capital Markets Says Transportation Demand Remains Robust
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05/19Scotiabank on Canadian Rails
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05/19UBS Details Weekly Railroad Volumes
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05/19Citigroup Adjusts Price Target for Canadian National Railway to $132 From $140, Maintai..
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Analyst Recommendations on CANADIAN NATIONAL RAILWAY COMPANY
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Financials
Sales 2022 15 981 M 12 511 M 12 511 M
Net income 2022 4 748 M 3 717 M 3 717 M
Net Debt 2022 14 257 M 11 161 M 11 161 M
P/E ratio 2022 20,7x
Yield 2022 2,01%
Capitalization 99 007 M 77 507 M 77 507 M
EV / Sales 2022 7,09x
EV / Sales 2023 6,66x
Nbr of Employees 22 953
Free-Float 99,5%
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Technical analysis trends CANADIAN NATIONAL RAILWAY COMPANY
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Mean consensus OUTPERFORM
Number of Analysts 31
Last Close Price 143,24 CAD
Average target price 166,06 CAD
Spread / Average Target 15,9%
EPS Revisions
Managers and Directors
Tracy A. Robinson President, Chief Executive Officer & Director
Ghislain Houle Chief Financial Officer & Executive Vice President
Robert L. Pace Chairman
Dominique Malenfant EVP, Chief Information & Technology Officer
Nayan Bharadwa Assistant Vice President-Operational Technology