By Reuters Staff
2 Min Read
FILE PHOTO: A wagon of a freight train of the Kansas City Southern (KCS) Railway Company is pictured in Toluca, Mexico October 1, 2018. REUTERS/Edgard Garrido
(Reuters) -Canadian National Railway Co said on Thursday it had informed Kansas City Southern’s board about its confidence in winning regulatory approvals for its $33.7 billion offer for the U.S. railroad.
Canadian National made an unsolicited bid for the U.S. company on Tuesday, locking horns with Canadian Pacific Railway Ltd and topping the company’s $25 billion bid.
Canadian Pacific said on Wednesday it was not considering raising its offer as it did not want put its balance sheet at “risk”.
Canadian National confident of getting regulatory nod for Kansas City Southern bid
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Canadian National confident of getting regulatory nod for Kansas City Southern bid
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UPDATE 1-Canadian National confident of getting regulatory nod for Kansas City Southern bid
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