CN makes $33.7 billion rival takeover bid to challenge CP Rail’s plan to buy Kansas City Southern

(Source: Canadian Press, April 20, 2021)

OTTAWA — Canadian National Railway Co. made a rival takeover offer Tuesday for Kansas City Southern in a cash-and-stock bid valued at US$33.7 billion. The offer tops a proposal made last month by Canadian Pacific Railway and valued at US$25 billion.

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