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Canadian National confident of getting regulatory nod for Kansas City Southern bid

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”.

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