Down 5% After Merger Announcement Can Canadian Pacific Railways Stock Rebound?
- Thursday, March 25, 2021, 7:10
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The stock price of Canadian Pacific Railway has seen over a 5% drop over the last five trading days, after the company announced its plans to acquire Kansas City Southern in a deal valued at $29 billion. The acquisition offer was made at a premium of 23% to Kansas’ stock value as of March 19, 2021..
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