Kansas City Southern (KSU.US) stock jumped 17% after the railroad operator agreed to be bought by Canadian Pacific Railway in a $25 billion deal that would create the first freight-rail network linking Mexico, the US and Canada. The transaction is worth $275 per share, compared to Kansas City Southern’s Friday closing price of $224.16. CP and KCS say the combined company will be a much larger and more competitive network, operating approximately 32,000km of track, employing close to 20,000 people and generating total revenues of approximately $US 8.7 billion based on 2020 actual revenues.
Kansas City Southern (KSU.US) stock launched today’s session with a 11% bullish price and hit a new all-time high at $259.10. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
