KSU - Canadian National Takes the Lead in the Battle for Kansas City Southern
Kansas City Southern (NYSE: KSU) has accepted a $33.6 billion takeover bid by Canadian National Railway (NYSE: CNI) and intends to terminate its existing agreement with Canadian Pacific Railway (NYSE: CP) .
In April, Canadian National launched a surprise bid for Kansas City Southern, topping Canadian Pacific's $30 billion agreement. Although Canadian Pacific has argued that the Canadian National offer is riskier because it is likely to draw significant antitrust scrutiny, Kansas City Southern's board determined that the offer constitutes a superior proposal.
Image source: Canadian National.
For further details see:
Canadian National Takes the Lead in the Battle for Kansas City Southern