Canadian National (CN) is trying to derail the planned marriage of Kansas City Southern (KCS) and Canadian Pacific (CP) by wooing KCS shareholders with a higher offer.
At US$325 per share for the US rail company, CN’s offer values KCS at $33.7bn, beating the $29bn purchase price rival CP agreed last month.
CN argues that its marriage with KCS would create a pan-USMCA rail operator providing “superior service, enhanced competition and new …
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Source: The Loadstar