KSU - Canadian Pacific expected to make higher offer for Kansas City Southern

Canadian Pacific Railway (NYSE:CP) is poised to fire off a higher offer for Kansas City Southern (NYSE:KSU) sources tell The Wall Street Journal. Canadian Pacific's board of directors is said to have authorized a bid at $300 per KSU share, which works out to about $27B. Shares of Kansas City Southern closed at $269.96 today. In AH trading, shares are up 4.69% to $283.96. All eye are still on the Surface Transportation Board to see if the regulator will reject the voting trust for Canadian National Railway's deal for KSU.

For further details see:

Canadian Pacific expected to make higher offer for Kansas City Southern