92% GAIN ON THIS STOCK – BIDDING WAR – STOCK JUMPS $37
A bidding war has erupted for KSU. Previously KSU had received a $275 offer from CP. Now CP’s competitor CNI has jumped in with a $325 bid. At the $325 bid price, the gain on KSU position will be 92.3%.
The bid from CNI is $200 in cash and 1.059 shares of CNI stock.
The bid from CNI was unexpected because this bid will face serious antitrust issues. It appears that at a minimum CNI is trying to make KSU acquisition more expensive for CP.
KSU was the 163rd Arora Report company to significantly benefit from buyouts. Our propensity to identify companies that get bought out has produced a fortune for long time subscribers. … Please click here or the title below to read more.
April 21, 2021