|Bid||93.16 x 0|
|Ask||93.23 x 0|
|Day's Range||92.04 - 94.18|
|52 Week Range||63.89 - 98.94|
|Beta (5Y Monthly)||0.71|
|PE Ratio (TTM)||23.83|
|Earnings Date||Jul. 20, 2021 - Jul. 26, 2021|
|Forward Dividend & Yield||0.76 (0.81%)|
|Ex-Dividend Date||Jun. 24, 2021|
|1y Target Est||312.95|
A major Canadian National shareholder is urging the railroad to abandon its $33.6 billion bid to buy Kansas City Southern after regulators dealt the deal a procedural setback this week.
Today, Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) filed the following letter with the Surface Transportation Board in response to CN's proposed three-business day comment period on voting trust:
Billionaire hedge fund manager Chris Hohn on Tuesday urged Canadian National Railway to abandon its $33.6 billion bid for Kansas City Southern unless the Canadian railroad operator changed its agreement to drop a key feature that could invite more regulatory scrutiny. Hohn's TCI Fund Management, which has a 2.93% stake in Canadian National (CN), said the company should not go ahead with its plan to create a voting trust structure for the takeover.