KSU - Kansas City Southern falls after Canadian Pacific CEO says not getting into bidding war

Kansas City Southern (KSU) dropped 0.6% after a report that the Canadian Pacific CEO (CP) said he would not get into a bidding war with Canadian National (CNI) for the railroad operator.Canadian Pacific CEO Keith Creel made the comments, according to traders, who cited a Bloomberg headline.Creel's comments come after KSU over the weekend said it would begin talks with Canadian National after the company's board determined that the CNI offer is likely to lead to a "superior" bid to Canadian Pacific's offer.Last week, Canadian Pacific CEO called Canadian National's rival bid for KSU 'fantasy land.'

For further details see:

Kansas City Southern falls after Canadian Pacific CEO says not getting into bidding war