(Source: Wall Street Journal, May 20, 2021)
NEW YORK — Canadian Pacific Railway Ltd. said Thursday it won’t increase its takeover offer for Kansas City Southern , betting recent setbacks for a higher offer from a rival make sweetening the bid unnecessary. It is now up to Kansas City Southern to decide whether to go with a roughly $30 billion offer from Canadian National Railway Co. and abandon a $25 billion deal it already agreed to with Canadian Pacific.
Full story: Wall Street Journal