Canadian National (CN) has abandoned its pursuit of Kansas City Southern (KCS), leaving the road open for rival Canadian Pacific (CP) to tie the knot with the US railway.
Yesterday, CN received notice from KCS that it was terminating their merger agreement and announced it would not be pursuing a takeover any further.
CN said it “continued to believe that a CN-KCS combination would have enhanced competition and delivered many other compelling …
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Source: The Loadstar