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Brunswick Group represents Canadian National Railway, which today offered $30B to acquire Kansas City Southern, in an effort to thwart a $25B takeover deal engineered by Canadian Pacific Railway last month.
Montreal-based CN calls its offer “far superior” than KCS’s existing agreement with CP because it offers better financial value, a more complementary strategic fit, greater choice and efficiencies for customers and enhanced benefits for employees and local communities.
CP promoted its deal as being “transformative for North America,” by creating the first US, Mexico and Canada railroad.
A CN tie-up with KCS also would create a three-country railroad system.
Brunswick has Jonathan Doorley and Rebecca Kral working on the CN railroad in the US, while Longview Communications & PA’s Martin Cej handles Canadian press.
Josh Hochberg, COO and global head of special situations and investor relations at Edelman Smithfield, has joined ICR as president, communications.
Juleanna Glover’s Ridgely Walsh handles Lupa Systems as James Murdoch’s media & technology investment company acquires New York Magazine, Vox Media Podcast and various digital properties of Vox Media.
Publicis Groupe has acquired LiveRamp, the San Francisco-based data collaboration platform, for $2.2B.
Joele Frank is working the media for Atlanta’s Bitcoin Depot as the country’s largest operator of bitcoin ATMs files for Chapter 11 to begin the wind-down of its business.
Catalyst IR handles Mobix Labs as it signs a “non-binding letter of intent” to acquire Special Project Delivery LLC, a privately-owned platform with positions in US rare earth properties.
