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
