Canadian National Railway Company (NYSE:CNI), Kansas City Southern (NYSE:KSU) - Canadian National Bids $33.7B For Kansas City Southern
Share: Canadian Pacific (NYSE: CP) to acquire Kansas City Southern (NYSE: KSU) by making a higher acquisition bid for the U.S.-based company. What Happened: Canadian National is proposing a cash-and-stock transaction valued at $33.7 billion, or $325 per share. In comparison, Canadian Pacific offered to buy Kansas City Southern for $25 billion in a cash-and-shares deal, or $275 per share. “We firmly believe our proposal is far superior to KCS’ existing agreement with CP because it offers superior financial value over the immediate and long-term, a more complementary strategic fit, greater...