Canadian Press NewsAlert: CN makes rival offer for U.S. railway Kansas City Southern

By The Canadian Press

OTTAWA — Canadian National Railway Co. is making a rival takeover offer for Kansas City Southern in a cash-and-stock bid valued at US$33.7 billion.

The offer tops a proposal made by Canadian Pacific Railway valued at US$25 billion.

More coming.

Companies in this story: (TSX:CP, TSX:CNR)

The Canadian Press

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