Executive Leadership. Robert L. Independent Chairman of the Board. Jean-Jacques Ruest. President, Chief Executive Officer, Director. Ghislain Houle. Robert Reilly. Dorothea Klein. New Stories. Canada's main stock index rose on Wednesday to a record high, as Canadian National Railway led gains in industrial stocks and resource shares benefited from higher commodity prices. The author is a Reuters Breakingviews columnist.
The opinions expressed are their own. Canadian National Railway Co said on Friday it would resume share repurchases under the plan approved by its board in January. Kansas City Southern said on Sunday it has received a revised proposal from Canadian Pacific , which the board determined was superior to the offer from Canadian National Railway. Kansas City Southern said on Saturday it will initiate talks with Canadian Pacific Railway Ltd because CP's unsolicited proposal to acquire it could reasonably be expected to lead to a better proposal than one made by Canadian National Railway.
Canada's main index rose on Wednesday as railroad stocks jumped after regulators halted Canadian National's deal to buy U.
The U. Kansas City Southern said on Thursday its board determined that the unsolicited proposal received from Canadian Pacific Railway does not constitute a "superior proposal" to its agreement with Canadian National Railway Co.
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