CP - Kansas City Southern gains on report that Canadian National offer will be declared superior

Kansas City Southern (KSU) is reportedly expected to indicate in the coming says that Canadian National Railway's (CNI) bid would likely lead to a superior offer than Canadian Pacific's (CP) announced deal. KSU gained 1.3%.The declaration would open the door for talks between the railroad operators, according a Bloomberg report that was circulating among traders.Earlier this week, Canadian Pacific CEO called Canadian National's rival bid for KSU 'fantasy land.'Earlier, Congressman Peter DeFazio (D-Oregon) said a proposed railroad merger should set off "alarm bells" and will leave the U.S. economy "worse off.

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Kansas City Southern gains on report that Canadian National offer will be declared superior