Canadian National Railway submitted an unsolicited proposal to acquire Kansas City Southern in a cash and stock transaction valued by CN at $325 per KCS share.
Canadian Pacific Railway and Kansas City Southern announced their intention to merge, a move they say will create the first Canada-to-Mexico rail network.
On Nov. 17, 1995, the Canadian government listed CN on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE). At the time, the railroad was the largest and the oldest Crown Corporation in Canada.
The Royal Canadian Mounted Police (RCMP) on April 22 arrested two people in connection “with conspiring to carry out a terrorist attack against a VIA passenger train,” the law enforcement agency said.
CN today closed the sale of a segment of rail line principally used by GO Transit commuter trains in the Oakville-Burlington, Ont., area west of Toronto to Metrolinx for C$52.5 million.
Amtrak will provide modified Northeast Regional service between Boston and New Haven, Conn., and between Newark, N.J., and points south, on Thursday, Nov. 1.