(Source: Reuters, August 10, 2021)
NEW YORK — Canadian Pacific Railway Ltd. on Tuesday raised its offer to buy Kansas City Southern by about $2 billion to $27.29 billion, deepening a bidding war with larger rival Canadian National Railway Co. The offer marks a u-turn from the second-biggest Canadian railroad operator’s stance in April to not raise its bid, but it is lower than a $29.56 billion takeover proposal agreed by Canadian National and Kansas City in May.
Full story: Reuters