KCS to scrap CP deal after revised $33.6 billion offer from CN
(Source: Canadian Press, May 13, 2021)
MONTREAL — Kansas City Southern Inc. says it is terminating its merger agreement with CP Rail after determining that rival Canadian National Railway’s revised US$33.6-billion offer was superior. CP Rail now has the right to amend its offer, with the KCS board to determine whether a revision constitutes a better offer than CN’s.
Full story: Medicine Hat News
Friday, May 14, 2021
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