Business

CN offers $33.7B for Kansas City Southern in railroad bidding war

25 days ago   |   By Chicago Tribune

Any deal for the Kansas City Southern railroad would capitalize on growing trade across North America by creating the first railroad that would link the United States, Mexico and Canada.
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Kansas City Southern surges 16% after $34 billion offer from Canadian National sparks bidding war

Kansas City Southern surges 16% after $34 billion offer from Canadian National sparks bidding war

25 days ago   |   By Business Insider

Summary List Placement
Kansas City Southern surged as much as 16% on Tuesday after it received a competing $34 billion take-over bid from Canadian National.
Canadian National's deal is well above Canadian Pacific's, which had offered $25 billion for the railroad operator in late March.
Canadian National's $325 per share offer represents a 27% premium from Kansas City Southern's Monday close.
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Kansas City Southern has a good problem on its hands, as two Canadian railroad operators compete to buy the Missouri-based...
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