
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