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CP chief says unlikely to offer Kansas City $300/share after Sept. 12 deadline

reuters.com · 09/01/2021 10:34
CP chief says unlikely to offer Kansas City $300/share after Sept. 12 deadline

- Canadian Pacific Railway Ltd CP chief executive officer said on Wednesday the company would not be as willing to offer Kansas City $300 per share should the U.S. railroad operator's board fail to decide on the offer by its Sept. 12 deadline.

"My appetite and willingness to offer this kind of compelling value at $300 a share (on Sept. 13) is not going to be the same as it is on September 12," CEO Keith Creel said during a conference call with analysts.


(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Shinjini Ganguli)

((Abhijith.G@thomsonreuters.com;))