AJOT Newsroom
| April 20, 2021
| Intermodal | Rail
• Combination will create the premier railway for the 21st century connecting ports in the United States, Canada and Mexico to facilitate trade and economic prosperity across North America
• Combination will result in a safer, faster, cleaner and stronger railway
• CN’s proposal of $325 per KCS share represents 21% premium over implied value of CP transaction and values KCS at an enterprise value of $33.7 billion1
• Expected EBITDA synergies approaching $1 billion annually with a significant proportion expected from converting truck traffic from busy interstates and highways for better fuel efficiency at a lower cost
• Anticipated to be accretive to Adjusted Diluted EPS2 in the first full year following CN assuming control of KCS
