KSU - Kansas City Southern expected to stick with Canadian National Railway bid

Kansas City Southern (KSU) is likely to sign a formal deal with Canadian National Railway (CNI) unless Canadian Pacific (CP) raises its offer by a Thursday deadline, according to CNBC's David Faber.Yesterday, Kansas City Southern fell after regulator says merger waiver provision does not apply to Canadian National offer.On Friday, DOJ says CN Rail bid for KC Southern poses greater risk to competition.Last week, Credit Suisse said Canadian Pacific unlikely to just walk away from Kansas City.

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Kansas City Southern expected to stick with Canadian National Railway bid