A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)

U.S. railway’s board sticks with CN’s bid

Kansas City Southern board spurns sweetened CP bid

The board of directors for a U.S. railway facing takeover bids from each of Canada’s big two railways is sticking with Canadian National Railway’s (CN) proposal. The board for Kansas City Southern (KCS), in a release Aug. 12, said it unanimously agrees an upgraded Aug. 10 cash-and-stock bid from Canadian Pacific Railway (CP) “does not […] Read more

(UrosPoteko/iStock/Getty Images)

Regulator finds cannabis company disclosures inadequate

Toronto | Reuters — A Canadian regulatory group said on Wednesday that it had found that the level and quality of disclosure by cannabis companies was insufficient. The Canadian Securities Administrators (CSA), which conducted a review of disclosure practices of 70 Canadian and U.S. cannabis producers, said some companies were inconsistent in complying with Canadian […] Read more



(Newstrike.ca)

CanniMed asks regulators to step in on hostile bid

Reuters — Medical marijuana company CanniMed Therapeutics has asked federal regulators to intervene as it seeks to prevent a hostile takeover by bigger rival Aurora Cannabis Inc. Saskatoon-based CanniMed said Monday it asked the Financial and Consumer Affairs Authority of Saskatchewan and the Ontario Securities Commission to declare that Aurora’s move to take its buyout […] Read more


DuPont’s Canadian head office in Mississauga. (Dupont.com)

Asset sale plan secures EU backing for Dow, DuPont merger

Reuters — Dow Chemical and DuPont won the blessing of the European Union for their US$130 billion merger on Monday by agreeing to sell substantial assets including key research and development activities. The European Commission had been concerned that the merger of two of the biggest and oldest U.S. chemical producers would leave few incentives […] Read more