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KANSAS CITY SOUTHERN

(KSU)
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Kansas City Southern Shares Rally After Canadian National Lobs Rival Bid

04/20/2021 | 10:38am EDT

By Robb M. Stewart

Kansas City Southern's shares rallied Tuesday on the prospect of a bidding war after Canadian National Railway Co. made a roughly $30 billion offer that challenges an agreed sale to its Canadian rival.

In morning trading, Kansas City's shares were 16% higher at $296.30. They are up 45% so far in 2021, and have more than doubled over the past 12 months.

CN's shares were down 6.8% at C$138.17, while rival Canadian Pacific Railway Ltd.'s were 0.3% lower at C$456.65.

CN said it is offering $325 for each share of Kansas City Southern, including $200 a share in cash and 1.059 CN shares. Its bid represents a 21% premium to CP's agreement to pay $275 a share, including $90 in cash, in a roughly $25 billion deal reached last month.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

04-20-21 1037ET

Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN NATIONAL RAILWAY COMPANY 1.79% 136.42 Delayed Quote.-4.23%
CANADIAN PACIFIC RAILWAY LIMITED 2.39% 483.02 Delayed Quote.6.84%
KANSAS CITY SOUTHERN 3.01% 305.22 Delayed Quote.45.16%
All news about KANSAS CITY SOUTHERN
05/07CN Issues Statement on the STB's Decision Regarding CP's Voting Trust; Confid..
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05/07UPDATE ON STOCKS TO WATCH : CN Rail and CP Rail
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05/07MT NEWSWIRES STOCKS TO WATCH : CN Rail and CP Rail
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05/06KANSAS CITY SOUTHERN  : U.S. railway regulator approves CP Rail voting trust for..
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05/06KANSAS CITY SOUTHERN  : Canadian Pacific gets procedural OK in bid for US railro..
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05/06MARKET CHATTER : Canadian Pacific Voting Trust Wins Approval in KSU Bid
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05/06KANSAS CITY SOUTHERN  : 's Emissions Reduction Targets Approved by Science Based..
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05/05North American Rail Traffic Rose 25.8% in Week Ended May 1
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05/04CN Proposal Continues to Garner Positive Momentum; More than 700 customers, s..
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More news
Financials (USD)
Sales 2021 2 995 M - -
Net income 2021 807 M - -
Net Debt 2021 3 316 M - -
P/E ratio 2021 34,7x
Yield 2021 0,62%
Capitalization 26 945 M 26 945 M -
EV / Sales 2021 10,1x
EV / Sales 2022 9,14x
Nbr of Employees 6 522
Free-Float 72,9%
Chart KANSAS CITY SOUTHERN
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Kansas City Southern Technical Analysis Chart | MarketScreener
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Technical analysis trends KANSAS CITY SOUTHERN
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 282,15 $
Last Close Price 305,22 $
Spread / Highest target 0,58%
Spread / Average Target -7,56%
Spread / Lowest Target -13,2%
EPS Revisions
Managers and Directors
NameTitle
Patrick J. Ottensmeyer President, Chief Executive Officer & Director
Michael W. Upchurch Chief Financial Officer & Executive Vice President
Robert J. Druten Chairman
John F. Orr Executive Vice President-Operations
Warren K. Erdman Executive VP-Administration & Corporate Affairs
Sector and Competitors
1st jan.Capitalization (M$)
KANSAS CITY SOUTHERN45.16%26 945
UNION PACIFIC CORPORATION9.12%150 936
CANADIAN NATIONAL RAILWAY COMPANY-4.23%77 804
NORFOLK SOUTHERN CORPORATION21.97%71 812
CANADIAN PACIFIC RAILWAY LIMITED6.84%51 570
XPO LOGISTICS, INC.21.10%16 125