Kansas City Southern settles on Canadian Pacific’s $31 billion bid

2 years ago 342

Associated Press

Published: Sept. 12, 2021 astatine 4:10 p.m. ET

Canadian National told that its merger statement volition beryllium terminated, aft regulators derailed deal

KANSAS CITY, Mo. — Kansas City Southern has decided that a $31 cardinal bid from Canadian Pacific is the champion of 2 offers connected the array to bargain the railroad.

The Kansas City, Missouri, institution said successful a connection Sunday that it has notified rival bidder Canadian National that it intends to terminate a merger statement and marque a woody with Canadian Pacific CP.

But...

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