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The Sprout: Railway bidding wars and budget details


iPolitics
By Kelsey Johnson. Published on Apr 20, 2021 12:09pm
(Tony Bock/Toronto Star)
Good day and welcome to the Sprout, where it’s Lima Bean Respect Day and National Pineapple Upside Down Cake Day. No disrespect to lima beans, but if given the choice between beans and cake…well, we’re going to pick cake. Always.
Here’s today’s agriculture news.
The Lead
We start with some breaking news in the railway world: Canadian National Railway Co. (CN) has outbid rival Canadian Pacific (CP) in its efforts to buy U.S. railway Kansas City Southern (KSC). As CBC News reports, CN has put forward a cash-and-stock bid valued at US$33.7 billion to buy the American railway, toping CP’s proposal, which had a total price tag of $25 billion. ....

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