CNBC's Jim Cramer makes a case for Union Pacific to acquire Kansas City Southern
CNBC’s Jim Cramer on Monday, reviewing earnings reports from the railroad companies that have reported thus far, suggested that the rail industry could benefit from consolidation.
Cramer focused specifically on the largest of the bunch in Union Pacific, which has seen its shares fall double digits since releasing results Thursday morning.
“How about if Union Pacific buys KSU, which just arguably reported the best quarter in the group?” Cramer pondered. “Union Pacific can absolutely afford it and in the last few weeks we’ve heard that KSU might be entertaining takeout offers from private equity firms.”
Full story:
www.cnbc.com
CNBC’s Jim Cramer on Monday, reviewing earnings reports from the railroad companies that have reported thus far, suggested that the rail industry could benefit from consolidation.
Cramer focused specifically on the largest of the bunch in Union Pacific, which has seen its shares fall double digits since releasing results Thursday morning.
“How about if Union Pacific buys KSU, which just arguably reported the best quarter in the group?” Cramer pondered. “Union Pacific can absolutely afford it and in the last few weeks we’ve heard that KSU might be entertaining takeout offers from private equity firms.”
Full story:
Jim Cramer makes a case for Union Pacific to acquire Kansas City Southern
"Rather than continuing to buy back huge slugs of stock like CSX, I think Union Pacific should just reach out and acquire Kansas City Southern," the "Mad Money" host said.
