CN bids for Kansas City Southern: CP has done same

In what appears to be a bidding war, CN Rail recently announced that it is engaging with the board of directors of Kansas City Southern to complete confirmatory due diligence and finalize a definitive merger agreement to combine the companies and create the premier railway for the 21st century. Canadian Pacific Railway Limited is already making a bid for the railway. According to a press statement from CN, CN’s proposal offers a ... [+]

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