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CP - CN Rail takeover proposal deemed superior by Kansas City Southern
Canadian Pacific Railway Limited
Kansas City Southern (KSU) says it has accepted a "superior proposal" from Canadian National Railway (CNI) that offers to buy it for $325/share.CN Rail's proposal implies a total enterprise value of $33.6B, including the assumption of $3.8B of Kansas City Southern's debt, topping a $25B offer from Canadian Pacific Railway (CP) that KSU had agreed to in March.