Reuters — Kansas City Southern on Friday reiterated that Canadian National Railway’s offer was “superior” after Canadian Pacific Railway refused to raise its bid, moving a step closer to creating the largest-ever merger of North American railways by transaction value. The Canadian rivals have been locked in a takeover battle for the U.S. railroad operator […] Read more
Kansas City Southern sticks with CN as CP won’t raise bid
CN confident of regulatory approval
CN shareholder urges changes to Kansas City Southern deal
Fund manager also holds stake in CP
Reuters — 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 railway changed its agreement to drop a key feature that could invite more regulatory scrutiny. Hohn’s TCI Fund Management, which has a 2.93 per cent stake in CN, […] Read more
Kansas City Southern accepts new CN bid over CP’s
CN offers to cover KCS's breakup fee with CP
Reuters — U.S. railway operator Kansas City Southern said Thursday it had accepted Canadian National Railway’s $33.6 billion acquisition offer, upending a $29 billion deal with its competitor Canadian Pacific Railway. The development, first reported by Reuters, gives CP five business days to make a new offer for Kansas City Southern. Were CP to table […] Read more
CP files objection with U.S. regulator over CN’s Kansas City Southern bid
Reuters — Canadian Pacific Railway said on Saturday it filed a formal objection with a U.S. regulator, stating Canadian National Railway’s near US$30 billion rival bid for Kansas City Southern does not qualify to be exempted from tougher merger rules. Last week, the U.S. Surface Transportation Board (STB) granted a waiver to CP’s $25 billion […] Read more
Rail shippers pick sides as CP, CN bid for Kansas City Southern
Richardson, Conagra among firms supporting both bids
Winnipeg | Reuters — North America’s freight rail customers, from grain shippers to logistics companies, are choosing sides as Canadian Pacific Railway and Canadian National Railway fight to buy Kansas City Southern. A takeout of KCS would be the first major North American railroad combination in more than 20 years and create the first network […] Read more
Four-way Seeds Canada merger approved
Four organizations to amalgamate in February without CSGA on board
A merger of four Canadian seed industry organizations has been cleared to proceed without its fifth partner. Members of the Canadian Plant Technology Agency (CPTA), Commercial Seed Analysts Association of Canada (CSAAC), Canadian Seed Institute (CSI) and Canadian Seed Trade Association (CSTA) have voted in favour of amalgamation, the groups announced Wednesday. An inaugural board […] Read more
Seed groups weigh options as CSGA rejects merger
Grower group's membership calls nay on Seeds Canada amalgamation
The boards of five national seed sector groups planning a major merger are considering their next move after a less-than-unanimous vote on the proposal. Members of the Canadian Plant Technology Agency (CPTA), Commercial Seed Analysts Association of Canada (CSAAC), Canadian Seed Growers’ Association (CSGA), Canadian Seed Institute (CSI) and Canadian Seed Trade Association (CSTA) had […] Read more
Canadian cannabis retailers poised to merge
High Tide, Meta Growth to create biggest weed retailer
Two major Canadian cannabis sellers are poised to create the largest pot retailer in the country by revenue. Calgary retailer High Tide Inc., which operates the Canna Cabana chain of stores in three provinces, announced a merger deal Friday to take up Toronto-based Meta Growth Corp., which runs the Meta Cannabis and NewLeaf Cannabis chains. […] Read more
Cannabis industry readies for M+A after COVID-19 boosts weed demand
Companies betting on U.S. market growth after election
Reuters — After nearly a year of next-to-no dealmaking, cannabis companies are gearing up for mergers and acquisitions (M+A) as realistic stock valuations and the prospect of U.S. legalization attract buyers to a sector that has been decimated by oversupply and other issues, executives and investors say. Profitable cannabis companies want to buy their way […] Read more
‘New’ Cereals Canada names board, chair
The merged Cereals Canada/Cigi unit held its first annual meeting
Alberta farmer Todd Hames was elected Monday as the chair of the board for the recently reconstituted Cereals Canada, at its first-ever annual meeting. The ‘new’ Cereals Canada was created June 1 when it and the Canadian International Grains Institute (Cigi) amalgamated after two years of discussions and the approval of their respective boards April […] Read more
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