August 3, 2021 at 4:09 pm
#38892
Ahmed Zainalabedin
Participant
Interesting case to follow! Thanks for highlighting it. I believe CP or CN can increase their bids as long as they are anticipating value from synergies or any other improvements will be created once one of the firms acquires KCS. CP or CN should not offer higher than the maximum price in which at least value would equal zero to protect their shareholders.