Tuesday, April 20, 2021
Brunswick Group represents Canadian National Railway, which today offered $30B to acquire Kansas City Southern, in an effort to thwart a $25B takeover deal engineered by Canadian Pacific Railway last month.
Montreal-based CN calls its offer “far superior” than KCS’ existing agreement with CP because it offers better financial value, a more complementary strategic fit, greater choice and efficiencies for customers and enhanced benefits for employees and local communities.
CP promoted its deal as being “transformative for North America,” by creating the first US, Mexico and Canada railroad.
A CN tie-up with KCS also would create a three country railroad system.
Brunswick has Jonathan Doorley and Rebecca Kral working on the CN railroad in the US, while Longview Communications & PA’s Martin Cej handles Canadian press.