Kansas City Southern’s proposed sale delivered a real financial blow in the second quarter — at least on paper.
The Kansas City-based railroad company reported $720.8 million in costs related to its pending sale to Canadian National Railway Co. That nearly equaled revenue — $749.5 million — for the period that ended June 30 and was the main factor leading to a $378 million loss.
The biggest hit to merger expenses was $700 million the company paid to Canadian Pacific Railway Ltd. for walking…Sale process puts $700M dent in KC Southern’s quarter — at least on the books
Kansas City Southern’s proposed sale delivered a real financial blow in the second quarter — at least on paper.
The Kansas City-based railroad company reported $720.8 million in costs related to its pending sale to Canadian National Railway Co. That nearly equaled revenue — $749.5 million — for the period that ended June 30 and was the main factor leading to a $378 million loss.
The biggest hit to merger expenses was $700 million the company paid to Canadian Pacific Railway Ltd. for walking…